31. "Sundance update: BD acquired by Sony for $2 mil (swipe)" In response to In response to 0 Mon Jan-19-09 02:29 PM by ZooTown74
deadlinehollywooddaily.com:
>MONDAY AM UPDATE: I told you last night that the blaxsploitation spoof Black Dynamite was "an instant cult hit" at Sundance following the cheering at its packed midnight screening at the Library last night. Now it sold to Sony for $2M -- the second purchase at the film festival and the first overnight sale.
As the film premiered, I hear Sony Picture's Worldwide Acquisition Group led by Peter Schlessel, and Endeavor Independent's Graham Taylor, Alexis Garcia, Mark Ankner and Liesl Copland repping the producer, negotiated in multiple rooms back at the agency's condo the rest of the night.
Not only does the pic have a North American theatrical release commitment for this year, but also franchise expectations. "Astounding in a tough market for a little film without high-profile cast. It's a cinderella story," an insider tells me. ________________________________________________________________________ Your battleship has sunk I wish Grandma could see us...