Sundance 2012: IFC Midnight Acquires 'The Pact'
The Park City at Midnight creeper is IFC's second pickup, after the comedy "Liberal Arts."
IFC Midnight has acquired North American rights to the Park City at Midnight horror film The Pact. The deal is in the high six-figures, according to sources.
IFC Midnight will give The Pact a a pre-theatrical video-on-demand release, followed by a 12-city theatrical run.
IFC Midnight beat out Anchor Bay Entertainment to acquire the film by writer-director Nicholas McCarthy. The Pact centers on a woman who returns home to attend her mother's funeral only to feel something strange and unsettling in the house she grew up in. Caity Lotz and Casper Van Dien star. The project, which had its world premiere Friday at the Egyptian Theatre, is based on a short film McCarthy screened at the 2011 Sundance fest.
Ross M. Dinerstein produced. His Preferred Content partner Kevin Iwashina repped the sale along with Rick Kwak of Content Media Corporation, which is handling international sales.
The film is the second horror flick to sell at Sundance; Magnolia Pictures picked up North American rights to the horror film V/H/S for north of $1 million early Thursday morning. Like The Pact, V/H/S will receive a pre-theatrical VOD release.
IFC Films purchased North American rights to Josh Radnor's Liberal Arts for seven figures Wednesday. The company's Midnight label has released The Human Centipede (First Sequence), Vengeance and Super. Upcoming Midnight releases include The Incident and Penumbra.
Also Wednesday, Sony Pictures Worldwide Acquisitions and Samuel Goldwyn Films grabbed North American rights to Robot & Frank for slightly more than $2 million; and Lionsgate and Roadside Attractions closed a deal to pick up U.S. rights to Arbitrage for a day-and-date theatrical-VOD release, much as they did for the 2011 Sundance thriller Margin Call. The sale price was just north of $2 million.
Other recent sales include Red Lights to Millennium Entertainment (U.S. rights, just under $4 million); Celeste and Jesse Forever to Sony Pictures Classics (North American, Latin American, Eastern European rights, around $2 million); For a Good Time, Call… to Focus Features (worldwide rights, $2 million); and Beasts of the Southern Wild to Fox Searchlight, which also grabbed worldwide rights to The Surrogate for just under $6 million Monday.
Sunday, LD Distribution picked up the thriller Black Rock for just over $1 million, and CBS Films acquired the drama The Words for a combined deal valued at $3.5 million. Competition documentaries Searching For Sugar Man and The Queen of Versailles found homes at SPC and Magnolia Pictures, respectively, on Friday.