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In the wake of the sexual assault allegations against Harvey Weinstein, his career-long collaborator Quentin Tarantino’s next movie became one of the hottest projects in years on Hollywood’s auction block.
Sony Pictures Entertainment on Nov.?8 made a high-powered presentation that included chairman Tom Rothman, Columbia Pictures president Sanford Panitch and marketing president Josh Greenstein, but the studio had to wait on pins and needles for more than a week before learning it beat out Warner Bros. and Paramount to land worldwide distribution rights to the film.
It’s a significant win for Sony, given its currently anemic slate, but to acquire the project, the studio had to contend with Tarantino’s lofty demands, including, sources say, a $95?million production budget, final cut and “extraordinary creative controls,” plus a whopping 25?percent of first-dollar gross. Another demand was that the rights to the movie revert to him after 10 to 20 years.
The film, which has a working title of #9 (it will be Tarantino’s ninth movie), will have to make $375?million worldwide to break even, according to one source. Tough negotiations occurred between the parties, and a Sony insider says that Tarantino did not get the full 25 percent of first-dollar gross that he had requested.
In July, The Hollywood Reporter revealed that Tarantino, 54, was working on the new movie, described as a 1969-set ensemble piece that in some way involves Charles Manson and the murder of Sharon Tate. Sony’s pickup came with no actors attached, but overtures have been made to such A-listers as Brad Pitt, Leonardo DiCaprio and Margot Robbie.
Warner Bros. also made a splashy presentation — it decked out part of its lot and executive conference room in late 1960s regalia — and was thought by many to have the inside track due to the involvement of David Heyman, who came on board as a producer after it became clear that Tarantino would not be working with Weinstein. Heyman produced the Harry Potter movies for Warners as well as the Oscar-winning hit Gravity.
But Sony handled the foreign release of Tarantino’s 2012 spaghetti Western Django Unchained, which is the highest-grossing movie of his career to date, with $262?million of the $425?million total coming from international territories.
In a Friday email confirming the deal, Rothman wrote: “[Tarantino] remembers well the outstanding job the company did on Django, and was particularly impressed last week by the presentation of our marketing and distribution capabilities, both domestically and internationally.”
A version of this story first appeared in the Nov. 20 issue of The Hollywood Reporter magazine. To receive the magazine, click here to subscribe.
Nov. 18, 4:40 p.m. Updated with additional information about the negotiation.
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