FINAL UPDATE, 3:14 AM PT: I sure hope the above French translation means “Toldja.” Open Road has confirmed it bought Nightcrawler, as Deadline told you it was doing. Final price was in the $4.5 million range, I believe. Find the press release below the original break when the deal first reared up yesterday. CAA and WME Global made the deal with Sierra/Affinity brokering offshore deals.
EARLIER UPDATE, FRIDAY PM PT: I’m hearing that Open Road is close to tying up a U.S. rights deal to Nightcrawler, and the bidding reached $5 million in an auction being run by WME Global and CAA. Dan Gilroy directs the drama about a young man who stumbles upon the underground world of LA freelance crime journalism. The Weinstein Company and Focus Features have also been in the mix all night. It’s not quite done, but close.
EARLIER EXCLUSIVE, FRIDAY, 10:03 AM PT: A bidding battle has erupted for Nightcrawler, the Jake Gyllenhaal-starrer written and directed by Dan Gilroy. The Weinstein Company, Focus Features and Open Road are all bidding with the price at $4M; A24 is expected to come in with a bid, and Fox Searchlight is circling the pic, about a young man who stumbles upon the underground world of LA freelance crime journalism. Rene Russo, Bill Paxton and Riz Ahmed co-star. CAA, WME and Sierra/Affinity are repping. A deal is expected to close quickly. Stay tuned.
Related: Cannes 2014: A Look At Hot Titles
Cannes, France, May 17, 2014 – Open Road Films has acquired all U.S. rights to NIGHTCRAWLERS, starring Jake Gyllenhaal and Rene Russo and written and directed by Dan Gilroy (previous writing credits include Real Steel, The Fall, The Bourne Legacy) in his directorial debut. The announcement was made today by Tom Ortenberg, CEO of Open Road Films and Gary Michael Walters, CEO of Bold Films.
NIGHTCRAWLERS tells the story of a driven young man (Gyllenhaal) who finds a home in the nocturnal world of freelance crime journalism in Los Angeles. Along with Gyllenhaal and Russo, Bill Paxton and Riz Ahmed also star in the film.
Producers are Jennifer Fox, Tony Gilroy, Jake Gyllenhaal, Bold Films’ Chairman Michel Litvak and David Lancaster. The film was financed by Bold Films, with Walters and Betsy Danbury serving as executive producers.
“We are thrilled to re-team with Jake Gyllenhaal, with whom we shared great success on End Of Watch,” stated Ortenberg. “Dan and Tony Gilroy are incredibly talented and have made a fantastic film and we couldn’t be happier about adding NIGHTCRAWLERS to our slate.”
According to Litvak, “We have watched Tom Ortenberg build a terrific marketing and distribution company from scratch over the last few years, and we are extremely delighted to finally find a film to work on together.”
Sierra/Affinity is handling international sales on the project at the Cannes Film Festival.
The deal was negotiated on behalf of Open Road Films by Ortenberg, Chief Operating Officer and General Counsel Elliott Kleinberg and Executive Vice President of Production & Acquisitions Peter Lawson; and by WME, CAA and Miles Mogulescu, Esq. on behalf of Bold Films.