UPDATE: Relativity Media has confirmed the Don Jon’s Addiction deal, and I’ll run the announcement below the original break of the story. In terms of the precedent-setting amount, other buyers have helpfully reminded me of Sundance films like Happy Texas, Hustle & Flow, and The Spitfire Grill. There was also a rather large P&A commitment that went for the wide release genre film Splice. Several of those didn’t work out well and Relativity will have to gross $35 million or more on this film to make the numbers work here, but it’s a bold statement-making play, and maybe it will pay off.
EXCLUSIVE: Deadline told you first that Relativity Media had placed a bid that was blowing everybody out of the water on Don Jon’s Addiction, the directorial debut of Joseph Gordon-Levitt that has had brisk buyer interest since it premiered.
I’m hearing that Relativity Media is wrapping up what will be an historic, precedent-setting deal for a Sundance film, harkening to the days when distributors spent big big bucks here. Word I’m hearing is they are paying the $4 million minimum guarantee I’ve mentioned before, but that there is a whopping $25 million P&A for a summer release on 2000 screens. Yowza! That meets or surpasses marks for a biggest Sundance (non-genre film) total deal — and biggest domestic deal because this is not for the world. It is for U.S. only. I’m sure if that’s awry, my commenters will tell me and we’ll set the record straight if this didn’t beat the record.
Related: Sundance Q&A: Joseph Gordon-Levitt On His ‘Don Jon’s Addiction’
I think Gordon-Levitt has delivered the goods here, even if he has to make trims for an R rating. He’s a bright young man who’s willing to do what he needs to, and Voltage’s Nicolas Chartier, who took a risk to get this film made with Gordon-Levitt, Scarlett Johansson, Julianne Moore, and Tony Danza, will likely be smiling before lunchtime is over. Even if, as Gordon-Levitt told me in our Sundance interview, the financier wasn’t sure about the racy jokes until Gordon-Levitt’s 50/50 cohorts Seth Rogen and Evan Goldberg watched a cut and laughed through the entire film. Those guys know R-rated comedy, and Chartier was left at ease. Ram Bergman (who also produced Gordon-Levitt’s Looper) also is producing.
CAA, co-repping with WME Global, is tying up the deal right now.
Relativity Media announced today the acquisition of Joseph Gordon-Levitt’s daring, hotly pursued directorial debut Don Jon’s Addiction at the 2013 Sundance Film Festival. Relativity has acquired U.S. distribution rights to the film written, directed and starring Gordon-Levitt alongside Scarlett Johansson and Julianne Moore. The studio plans a wide-release and further distribution details including a release date will be announced at a later time. Don Jon’s Addiction is a Voltage Pictures presentation of a HitRecord Films, Ram Bergman production. It was produced by Ram Bergman with Nicolas Chartier serving as Executive Producer. This marks the third collaboration between producer Ram Bergman (BRICK, LOOPER) and Joseph Gordon-Levitt.
Joseph Gordon-Levitt said, “I always intended this to be a movie for a mass popular audience. Everyone told me it was a long shot. Now Relativity is making it happen. Tucker and Robbie told me they believe that, more than anything, audiences want something unique. I couldn’t agree with them more. I admire them for putting their money where their mouth is. And I couldn’t possibly be more grateful.”
Tucker Tooley, President, Relativity added, “Joseph Gordon-Levitt is an incredibly talented filmmaker and he has created a bold, funny and moving story and we are proud to work with him, Ram Bergman and the rest of their team on bringing his vision to audiences across the country.”
Jon Martello objectifies everything in his life: his apartment, his car, his family, his church, and, of course, women. His buddies even call him Don Jon because of his ability to pull “10s” every weekend without fail. Yet even the finest flings don’t compare to the transcendent bliss he achieves alone in front of the computer watching pornography. Dissatisfied, he embarks on a journey to find a more gratifying sex life, but ends up learning larger lessons of life and love through relationships with two very different women.
CAA and WME negotiated the deal on behalf of the filmmakers. International sales are being handled by Voltage Pictures.
Relativity previously acquired the documentary film Catfish at the 2010 Sundance Film Festival which not only spawned a successful theatrical release, but a hit MTV show which debuted No. 1 in its timeslot and was picked up for a second season.
Up next, Relativity will release the outrageous Movie 43 (in theatres January 25, 2013), the film adaptation of Nicholas Sparks’ best-selling Safe Haven (in theatres February 14, 2013), the comedy 21 and Over (in theatres March 1, 2013) and the corporate espionage thriller Paranoia (in theatres October 4, 2013). Relativity is currently in post-production on Scott Cooper’s gritty dramatic thriller currently-titled Out of the Furnace and Luc Besson’s comedic action film Malavita (October 18, 2013) with EuropaCorp. Relativity recently announced Jimmy Hayward’s upcoming animated, hilarious buddy comedy Turkeys (November 14, 2014).



This film rocked my world..
The reviews of this “film” have been God awful. The few good ones are really just grading on a sharp curve because JGL has a lot of goodwill. Love him as an actor/person, but this movie is just an embarrassment. Watch the Rotten Tomatoes score. It won’t get anywhere near a 40%. It is a terrible, poorly written film by a kid who has little or no education, and thinks that being on sets since birth makes you a writer. Stay in front of the camera, Joe, it loves you and we love you. But you are the worst writer to every make a film, and you’re going to hurt you asking potential once this movie does poorly.
Wow. Another huge mistake by Relativity and their distribution side.
SMH… It’s like they hate their investors’ money and just want to get rid of it.
Anyone else get the feeling this could be one of those times where everyone is just crapping over the current “it” boy and “A-listers involved” and therefore willing to throw down absurd amounts of money…only to watch the film eventually flop? I love JGL, but the premise doesn’t sound at all intriguing nor fit for mass consumption.
That means relativity thinks this thing will do 40 mil in theatrical domestic just to break even? Yikes. This could be one big epic screw up…or it could be the next hangover…but I doubt it. I like JGL alot but this doesn’t make alot of sense to me. I hope for the best here.
Great news that this film has been picked up hopefully news of a UK deal will come soon.
what r rated comedy has evan/goldberg been resonsible for that was a success without judd apatow being involved?
i think JGL went to the wrong people.
I’m very impressed! I can’t wait to see this! I knew Joseph Gordon-Levitt was going to be the next big thing.
Saw the movie — terrible writing, one-dimensional characters. Truly embarrassing. If JGl hadn’t “written” this, no one would be paying any attention. A joke that Relativity would pay this kind of money for multiple shots of tissues being thrown into a wastepaper bucket…
It’s official.
The bet is placed by Relativity on JGL being a marketable, bankable male lead.
With $25 million in P&A there are no excuses now.
worked out well for Spitfire Grill and Hamlet 2, if memory serves…
Who knows if the film is worth it, but it’s good news for sellers and filmmakers. Nice to see people buying and supporting their acquisitions with P&A.
Seth Rogen and Evan Goldberg laughed through “The Green Hornet” so I’m not sure how valuable their stamp of approval is.
How much was spent to make this movie? How much right now goes back to the investors who funded it? Forget about the $25 million P&A. Will the original investors make money on this?
I believe in these deals the original investors get a cut of the gross. They’ll make money if the movie does well at the box office. Not sure about that though. Could depend on the contract.
Don’t know what the production budget was, but let’s assume it was somewhere at or near the MG they received (i.e., $4MM). Doesn’t seem to be an expensive film and JGL probably called in a lot of favors. So the investors of the film are probably close to getting paid back, but not yet in profit. That is my educated guess. And this, in and of itself, is quite an accomplishment in this tough industry. Congratulations. Seriously.
With regard to the $25MM P&A commitment, first of all, it’s highly unlikely Relatively will actually spend that much. In order to spend that much money, you have to buy really expensive television advertising (think $4MM per minute for a Super Bowl ad). I just don’t see Relativity actually spending that much. And good luck to JGL when he tries to audit Relativity’s books to see what they actually spent.
But, for argument’s sake, let’s assume that Relativity really does blow through $25MM in P&A. This will require $50MM in box office receipts just for Relativity to break even (50% to exhibitors, 50% to Relativity). Plus, add the $4MM Relativity paid for the MG. So the film needs to gross $58MM at B.O. for Relativity to be made whole for it’s $29MM investment.
I doubt it will do $58MM at the B.O., but the theatrical run will set-up the various other ancillary windows such as VOD, Ultra VOD, DVD, Cable, Broadcast, etc.
So, two years after theatrical release, Relativity will have a better sense of whether this film recoups their investment or not. I really hope it does, but, unfortunately, it’s probably not going to do so.
Wow. What a pleasant surprise to see a nice, non bashing, well thought out opinion.
Let’s all pull it up and try to have more comments like this guys…
Hustle & Flow was the biggest
Shouldn’t P&A be changed to just M&A: Marketing & Advertising? I mean wasn’t the whole of digital that there would be vastly reduced or minimal print costs?
I’d try D&M: Distribution & Marketing.
JGL means very little at the box office. Bruce Willis was the draw in Looper. Premium Rush bombed. this is a like burning money.
The key to understanding this deal is as a previous poster said, there’s no way to determine what Relativity will actually spend for advertising. It could wind up as $12 million. All they really have is a commitment that Relativity will support the film aggressively. There’s essentially no way to track the numbers.
No guts, no glory.
Worth the price of admission alone for the scene where JGL sticks his privates in a fan while maniacally laughing at an episode of Perfect Strangers. Crazy ass scene but the audience at Sundance were rolling in the aisles.
An early quote by JGL..”never cast as the sexy guy”.
This film seems to be a calculated choice to try to change that perception….since it seems that those roles are not offered.
In my opinion Looper was a success mainly because of Rian Johnson’s script and direction…and Bruce Willis. A perfect storm that JGL was a part of. The makeup made his usually very expressive face frozen stiff and creepy.
The jury is out about him being able to open a movie on his own.
Very smart to pad Don Jon’s cast with names. He seems to be a very wise businessman.
So another truely independent film from the film festival circuit. What a laugh. Remember the promise of old Hollywood. Talented people would come from all over the world to be discovered. If companies like Realitivity Media we great at finding talent they would found talent like Libby Blood. 53 film festival wins and counting.