Magnolia Buying 'The Queen Of Versailles': Sundance

EXCLUSIVE: Magnolia Pictures is making a deal for The Queen Of Versailles, the documentary that made its Sundance Film Festival debut Thursday at Eccles Theater. I’m told the deal will be for all rights in North America except TV. Plans are for a theatrical release later this summer. Several companies chased the film including Lionsgate and Roadside Attractions together, and Sony Pictures Classics, which today bought Searching for Sugar Man.

The Queen Of Versailles focuses on the odyssey of timeshare magnate David Siegel and his 30-years younger wife Jackie. Riding high, they decided at the peak of their wealth to build  Versailles, a 90,000-square-foot home that would have been the largest in America. Modeled after the Palace of Versailles, the plans included an indoor ice skating rink and 10 kitchens. When the 2008 economic collapse hit, their plans were dashed and they struggled to live like the unwashed masses. The docu caused a stir here when David Siegel sued Sundance for a catalog description of him as a rags-to-riches-to-rags story. He might be on shaky legal ground as those who’ve seen the movie said that those words come right out of his mouth. Lauren Greenfield (Thin) directed it, and while David Siegel wasn’t at yesterday’s screening Jackie was. Also present were several producers, and there could be a remake rights deal in the offing. (more…)

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