UPDATE 2, 7:03PM: CBS Films has just issued a press release confirming the acquisition:

TORONTO (September 12) – CBS Films announced today that they have acquired the U.S.distribution rights to SALMON FISHING IN THE YEMEN which made its world premiere at the 2011 Toronto International Film Festival this week. The announcement was made jointly today by CBS Films’ COO Wolfgang Hammer and EV Pof Acquisitions Scott Shooman.
Directed by Oscar©-nominee Lasse Hallström (Chocolat), SALMON FISHING IN THE YEMEN is an extraordinary, beguiling tale of fly-fishing and politicalspinning, of unexpected heroism and late-blooming love and of an attempt toprove the impossible, possible. Ewan McGregor (Beginners) and Emily Blunt (The Adjustment Bureau) star in the feature film alongside Oscar©-nominee Kristen ScottThomas (I’ve Loved You So Long).

Based on Paul Torday’s acclaimed novel, SALMON FISHING IN THE YEMEN is written by Oscar©-winner Simon Beaufoy (Slumdog Millionaire) and produced by Paul Webster (The Motorcycle Diaries) and executive produced by Jamie Laurenson, Stephen Garrett, Paula Jalfon, Zygi Kamasa and Guy Avshalom.
“I am so happy to have the support of the team at CBS Films for the distribution of our labor of love, ‘Salmon Fishing in the Yemen. ’I had the best of times working on it with producer Paul Webster, writer Simon Beaufoy and the cast, Emily Blunt, Ewan McGregor, Amr Waked and Kristin Scott Thomas,” said Hallström.

“Lasse Hallström has done it again with this beautiful, heartwarming, and elegant picture. The performances are amazing from top to bottom,” commented Shooman who continued, “We are honored to have the opportunity to bring this extraordinary film to American audiences.”

UTA Independent Film Group set up the film’s financing and brokered the dealwith CBS Films.

 

UPDATE, 6:11PM: The deal has closed, and CBS Films has acquired U.S. rights to Salmon Fishing in the Yemen. Sources close to the buyer say it’s the $4 million that the sellers asked for, while sources close to the seller say it’s $5 million. Summit got the deal to that level. What’s clear is this is a healthy deal.

EARLIER EXCLUSIVE, 12:26 PM: CBS Films is in advanced negotiations to reel in U.S. distribution rights to Salmon Fishing in the Yemen, the Lasse Hallstrom-directed film that premiered last night at the Princess of Wales Theater. Fox Searchlight, Summit, Focus and Miramax have been circling, but CBS appears to be tying down the property for a low-seven-figure deal. Adapted by Simon Beaufoy from the Paul Torday novel, the film stars Ewan McGregor, Emily Blunt, Kristin Scott Thomas and Amr Waked, the latter playing a wealthy sheik who pays a fisheries scientist to stock a stream with trout. The sheik believes that fishing brings him closer to God, an experience he wants to share with his countrymen, despite the dangerous fact that some local leaders oppose it; there is a burgeoning love story between his British legal rep (Blunt) and the stuffy fisheries scientist (McGregor) who is locked in a dull marriage.

indiemarketer
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3 years
P&A and release commitment? Commitment to better marketing?
FilmFreak
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3 years
Saw You're Next last night. Really really fun and hilarious horror film. Hope it goes wider. The...
Race for The
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I saw it at the first screening, KST will be nominated.

CBS Films executives Wolfgang Hammer and Scott Shooman were all over this one, but the auction carried into today because some of the major buyers saw other acquisition titles last night and caught the film this morning. UTA is selling the film here, and Lionsgate International is selling it overseas.The film drew a rousing response after the screening, but of course for distributors, the key is weighing whether the film can catch on with audiences. CBS Films, which is looking for titles that can play in wide release, clearly thinks so. It is the second prestige title acquired by CBS Films, which will also distribute Gambit, the Joel and Ethan Coen-scripted comedy that was directed by Michael Hoffman and stars Colin Firth and Cameron Diaz. Paul Webster produced Salmon Fishing, and Guy Avshalom, Stephen Garrett and Zygi Kamasa are exec producers.

Though Shame sold Friday, that deal resulted from momentum created from Telluride and Venice showings because the picture doesn’t premiere until this evening. The Salmon Fishing deal is the first major one that was the result of a premiere screening. Last year, the Sony Pictures Worldwide Acquisitions Group deal for Insidious really unlocked the dealmaking. There are rumors of bids in on Friends With Kids, and genre titles like You’re Next. So it appears things might loosen up a bit.