By Steven Zeitchik and Jay A. Fernandez, January 19, 2009 12:17 ET
"Black Dynamite"
More
Sundance coverage
PARK CITY -- For a brief moment Monday, it looked like the sales
action was picking up at the Sundance Film Festival. Then the
moment passed.
The day broke with a big sale to Sony Pictures Worldwide
Acquisitions Group of the blaxploitation movie "Black Dynamite." At
about 6 a.m. local time, Endeavor reps and execs from the Steven
Bersch division concluded an all-night negotiation that began when
the film finished screening at about 1 a.m.
Sony agreed to pay about $2 million and made a strong marketing
commitment for all North American rights to the violent and campy
1970s tale.
Actors in the Scott Sanders pic are signed for a sequel, and Sony
hopes its summer or fall release will be the start of a franchise
along the lines of the "Friday" or "Austin Powers"
properties.
The sale was a coup for optimists hopeful that this would
kick-start a big day of sales Monday. But that didn't materialize,
as other gestating deals failed to come together by evening and the
specialty divisions clearly were holding their fire.
Upstart distributors, however, have been active so far at the
festival.
After Senator, which in association with Sony snapped up
"Brooklyn's Finest" on Saturday, Summit began making moves: The
Patrick Wachsberger-Rob Friedman distributor apparently is in the
pole position to pick up the Ashton Kutcher dramedy "Spread" as
well as a leading candidate for the oddball Jim Carrey-Ewan
McGregor prison love story "I Love You Phillip Morris." Overture
Films is in the running for several pics that also had Sunday
screenings.
Lone Scherfig's period romantic comedy "An Education" was one of
the best-received titles -- and also the subject of negotiation
drama. Fox Searchlight was said to float a low-seven-figure offer
for the movie, but sellers countered with very high-seven figures,
leaving the movie unsold for the moment.
The exchange highlighted how far apart many buyers and sellers
still are at the fest.
Meanwhile, a host of other pics that were thought to be close to
securing deals for domestic distribution -- including Lynn
Shelton's comedy "Humpday," Lee Daniels' "Push: Based on the Novel
by Sapphire" and the Palestinian immigrant tale "Amreeka" --
remained in play.
"We keep waiting for things to break through, but this is the way
it seems to happen these days -- with a trickle," one seller
said.
Monday night's screenings included such intriguing pics as Oren
Moverman's drama "The Messenger," the dramatic competition entry
"Bronson" and the black comedy documentary "Why We Laugh."
'Dynamite' at Sundance, then quiet
Sales soft after Sony's morning buy
By Steven Zeitchik and Jay A. Fernandez, January 19, 2009 12:17 ET
"Black Dynamite"
More Sundance coveragePARK CITY -- For a brief moment Monday, it looked like the sales action was picking up at the Sundance Film Festival. Then the moment passed.
The day broke with a big sale to Sony Pictures Worldwide Acquisitions Group of the blaxploitation movie "Black Dynamite." At about 6 a.m. local time, Endeavor reps and execs from the Steven Bersch division concluded an all-night negotiation that began when the film finished screening at about 1 a.m.
Sony agreed to pay about $2 million and made a strong marketing commitment for all North American rights to the violent and campy 1970s tale.
Actors in the Scott Sanders pic are signed for a sequel, and Sony hopes its summer or fall release will be the start of a franchise along the lines of the "Friday" or "Austin Powers" properties.
The sale was a coup for optimists hopeful that this would kick-start a big day of sales Monday. But that didn't materialize, as other gestating deals failed to come together by evening and the specialty divisions clearly were holding their fire.
Upstart distributors, however, have been active so far at the festival.
After Senator, which in association with Sony snapped up "Brooklyn's Finest" on Saturday, Summit began making moves: The Patrick Wachsberger-Rob Friedman distributor apparently is in the pole position to pick up the Ashton Kutcher dramedy "Spread" as well as a leading candidate for the oddball Jim Carrey-Ewan McGregor prison love story "I Love You Phillip Morris." Overture Films is in the running for several pics that also had Sunday screenings.
Lone Scherfig's period romantic comedy "An Education" was one of the best-received titles -- and also the subject of negotiation drama. Fox Searchlight was said to float a low-seven-figure offer for the movie, but sellers countered with very high-seven figures, leaving the movie unsold for the moment.
The exchange highlighted how far apart many buyers and sellers still are at the fest.
Meanwhile, a host of other pics that were thought to be close to securing deals for domestic distribution -- including Lynn Shelton's comedy "Humpday," Lee Daniels' "Push: Based on the Novel by Sapphire" and the Palestinian immigrant tale "Amreeka" -- remained in play.
"We keep waiting for things to break through, but this is the way it seems to happen these days -- with a trickle," one seller said.
Monday night's screenings included such intriguing pics as Oren Moverman's drama "The Messenger," the dramatic competition entry "Bronson" and the black comedy documentary "Why We Laugh."