EXCLUSIVE UPDATE: Well, it took all day, but I can tell you that The Weinstein Company is now in an exclusive negotiation and will close a U.S. distribution deal on a bitter bidding battle for The Coup, the John Erick Dowdle-directed thriller that stars Owen Wilson and Pierce Brosnan. I’d written yesterday that TWC was considered the frontrunner, but it was an all-day battle for the Bold Films picture that pitted TWC against Relativity. TWC has until early tomorrow evening to close a deal expected to land $5 million and that makes it the second-biggest acquisition of the Cannes market behind the whopping $20 million that Paramount paid for Story Of Your Life. The hope is to give it a wide release late winter or early spring. Deal is being papered now by WME Global’s Graham Taylor, who was also in the middle of that Story Of Your Life deal (with FilmNation’s Glen Basner), and Nightcrawler (done with CAA). Nightcrawler, which closed with Open Road last night for $4.5 million, is also a Bold Films-backed production, so that company has also had a hot hand. Sierra/Affinity is selling both The Coup and Nightcrawler, a task that will be much easier for Nick Meyer with wide release domestic deals in place.
This is the culmination of a dealmaking marathon for Harvey Weinstein, David Glasser and their team, as they also landed Sing Street, the John Carney-directed Irish movie that he’ll make with U2’s Bono and The Edge. (more…)