Cannes: Weinstein Co. Nears Deal for 'The Coup'
UPDATED: TWC is expected to pay around $5 million for the John Erick Dowdle-directed film, which stars Owen Wilson and Pierce Brosnan.
CANNES – Following a fierce biding war, The Weinstein Company is entering into exclusive negotiations to prebuy North American rights to hot Cannes Film Market title The Coup.
TWC is expected to pay around $5 million to $6 million for the John Erick Dowdle-directed thriller, which stars Pierce Brosnan, Owen Wilson and Lake Bell. WME Global is brokering the deal.
The film tells the story of an American family living in Southeast Asia who find themselves caught in a violent political uprising.
The project was financed by Bold Films. International rights are handled by Sierra/Affinity, while WME repped the hotly contested North American rights.
Paramount and Open Road were part of the early sale process, before dropping out as TWC and Relativity Media raised the stakes. According to sources, Relativity offered $6 million but couldn't come to terms over backend.
The deal marks the second biggest acquisition of Cannes 2014, following the $20 million that Paramount paid for sci-fi film Story Of Your Life, starring Amy Adams.