Miramax rings up 'Diving Bell' for N. America

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CANNES -- Miramax Films nabbed all North American rights to one of the most sought-after titles at the Festival de Cannes, Julian Schnabel's French-language drama "The Diving Bell and the Butterfly," for about $3 million.

The Competition film is based on the memoir of former Elle magazine editor in chief Jean-Dominique Bauby (played by Mathieu Amalric), who became a paraplegic after a stroke. Several mini-majors, from the Weinstein Co. and Paramount Vantage to Picturehouse and Warner Independent Pictures were all circling the film. An Oscar-qualifying run late in the year and early 2008 platform release is tentatively planned.

The deal was negotiated by Miramax executive vp business affairs and operations Michael Luisi with CAA and Cameron McCracken of Pathe U.K. repping the filmmakers.
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