EXCLUSIVE: In the first major deal on the ground at the 2020 Sundance Film Festival, Searchlight Pictures is closing a worldwide rights deal for around $12 million for the David Bruckner-directed t…
to close. At that time, four theatrical distributors and three streamers put bids on the table. Sources said it came down to New Line, STX and Netflix, but that Searchlight is closing the deal now.
This breaks the logjam, but there are plenty of other titles that have bids on the table and deals should begin closing tonight and tomorrow. As is often the case at Sundance, sometimes you just have to get that first one out of the way and the deal avalanche begins.
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