UPDATE: The Weinstein Company has confirmed Deadline’s break on this deal. Release appears below original story.
EXCLUSIVE: Harvey Weinstein is salting his Oscar arsenal for next year. After a heated auction with numerous bidders, The Weinstein Company is in exclusive negotiations to acquire Fruitvale for a bit north of $2 million, and a commitment for a big theatrical release. Deal covers English-speaking territories, I hear. The Ryan Coogler-directed drama is about the last day in the life of 22-year-old Oscar Grant before he was killed in a case that galvanized protests against police brutality in Oakland. It is the first big theatrical deal for Weinstein at the festival. The bidding on this one has been going hot and heavy since last night with multiple distributors. Weinstein got into exclusive deal talks after late-hour negotiating that also included Fox Searchlight, Paramount Pictures, Focus Features and CBS Films.