TORONTO: The Weinstein Company has acquired Ben Stiller’s Red Hour Films-produced Submarine after an all-night bargaining session with WME. The deal is around $1 million minimum guarantee with a P&A commitment. There were three other bidders. The picture will be released in 2011. Directed by Richard Ayoade in his feature debut, Submarine is an adaptation of the Joe Dunthorne coming of age novel following a 15-year old boy through the impending breakup of his parents’ marriage and his own first relationship. The film premiered Sunday at the Winter Garden, but bidding really heated up last night. Its deal was finally closed after a marathon session between TWC’s Harvey Weinstein, David Glasser and Laine Kline, along with WME’s Graham Taylor and Mark Ankner and Protagonist’s Ben Roberts. This now makes 3 Toronto films bought by the Weinstein Co including Sarah’s Key and Dirty Girl.
Weinstein Co Buys Red Hour's 'Submarine'
For all of Deadline’s headlines, follow us @Deadline on Twitter
Sign up for Newsletters
Trending Now on Deadline
Box Office: 'If I Stay' Best Of Lifeless Bunch As 'Sin City 2' Tanks, 'Game' Tries To Find Footing And 'Guardians' No. 1
More From Fleming Jr
- Does TV Hurt Movie Careers? 'True Detective's Matthew McConaughey Coveted For 'The Stand' And 'Gold'
- Tobey Maguire's Material Signs Oscar Sharp To Blind Deal Off Short Pic 'The Karman Line'
- Circle Of Confusion's Brad Mendelsohn To Head Lit Department
- Andrew Dominik To Script 'Shaolin Temple' For Helmer Justin Lin
- Brad Grey Takes ALS Plunge With Help From Johnny Knoxville
- EMMYS: Deadline's Live-Blog Special Guest: 'Sons Of Anarchy' Creator Kurt Sutter