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The Weinstein Co. is going for Gold, agreeing to pay a hefty $15 million for U.S. rights to the upcoming Matthew McConaughey mining drama and committing to a major marketing spend valued at $20 million.
Gold will get a nationwide release via TWC-Dimension, a new label aiming to release more commercially minded fare, such as box office hit Paddington.
Directed by Oscar-winner Stephen Gaghan, the movie is inspired by the true story of a modern-day prospector who, desperate for a lucky break, teams up with a similarly eager geologist in order to find gold in deepest, darkest Indonesia — sparking an adventure that goes right through to the boardrooms of Wall Street. It is based on the Bre-X mining scandal of 1997.
CAA brokered the deal, which marks the second high-profile pact between producer Teddy Schwarzman and TWC after The Imitation Game.
Schwarzman produced Gold via his Black Bear Pictures banner alongside Hwy 61’s Michael Nozik, McConaughey and writers Patrick Massett and John Zinman. Hwy 61 partner Paul Haggis will exec produce with Richard Middleton.
“Harvey and I were so intrigued by the unique and compelling story behind Gold and couldn’t be more excited to work with this highly esteemed group of filmmakers and artists,” said TWC co-chairman Bob Weinstein. “We loved working with Teddy on The Imitation Game and we see this movie having the potential to be both a commercial and artistic success.”
Gold was a hot title at Berlin’s European Film Market in February, selling out around the world. Sierra/Affinity is handling the film internationally.
Principal photography is slated to commence in June with Thailand, New York and New Mexico among the locations. Black Bear is fully financing the film.
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