EXCLUSIVE: The John Turturro-directed Fading Gigolo has sold in a $3 million deal to Millennium Entertainment, I’m hearing. The deal is for U.S. rights, and another source just told me the deal will close between $2 million and $3 million. The film stars Turturro as a man who aspires to be a professional Don Juan in order to raise money to help his friend. Woody Allen plays the pal, and he effectively becomes his pimp. The film premiered Saturday evening at the Isabel Bader Theatre and it also stars Vanessa Paradis, Liev Schreiber, Sharon Stone and Sofia Vergara. QED International and ICM Partners is closing up the deal. I believe that it’s the first time that Woody has played a pimp in a feature film, so this is truly a cinematic first. Jeffrey Kusama-Hunte produced with QED’s Bill Block and Paul Hanson.
The deal will likely be the first of several over the next couple of days. It felt like all the oxygen left the room after the mammoth auctions for the Jason Bateman-directed Bad Words that was acquired by Focus and the John Carney-directed Can A Song Save Your Life?, which was acquired by The Weinstein Company after an all-night auction. A bunch of acquisition titles got good reaction, but nobody seems in that much of a hurry to close. Maybe a deal like this will get things moving.
Here is the Fading Gigolo trailer: (more…)