EXCLUSIVE: The Weinstein Company has closed a deal for the Paul Rudd comedy My Idiot Brother that will amount to a minimum guarantee of $6 million-$7 million, and a $15 million P&A commitment for a wide theatrical release. That makes My Idiot Brother the biggest deal of the Sundance Festival so far, but there’s an intriguing component here. Ron Burkle, who backed Harvey and Bob Weinstein’s attempt to acquire Miramax Films and its library, will be a partner on the acquisition, the first of what is rumored to be the beginning of an ongoing relationship.
The deal comes after a marathon auction that began last night with TWC, Relativity Media and Fox Searchlight. The action on began right after the premiere screening finished. The two parties chasing it hardest were Relativity Media and The Weinstein Company. The discussions were still taking shape around 2 AM, and the feeling was the film had a good shot to reach $5 million. Reaction to the film was that it was more heartfelt than broad comedy, and some of the players looking for a can’t miss wide release weren’t biting. Bidders broke at 6:30 AM, with TWC prevailing. Harvey Weinstein, David Glasser and Pete Lawson reached terms with the UTA team and producers Anthony Bregman, Marc Turtletaub and Peter Saraf earlier today and the deal is being signed. It’s a bold play by the … Read More »
UPDATE, 8:25 AM: As I tipped you yesterday, Paramount’s Adam Goodman and acquisitions exec Matt Brodie and Indian Paintbrush’s Peter McPartlin closed the deal with the UTA team today around 6 AM for the Super Crispy Entertainment production Like Crazy about young love from co-writer and director Drake Doremus (Douchebag). I’m told it was a $4 million minimum guarantee and a “substantial” 7-figure P&A commitment. Adam Goodman, President of Paramount’s Film Group, and Matt Brodlie, SVP of Productions and Acquisitions for Paramount, along with Indian Paintbrush’s President of Production Mark Roybal, negotiated for the rights with the film’s reps Rich Klubeck and David Flynn from UTA, along with producer Jonathan Schwartz and Doremus’ attorney Lawrence Kopeikin from Morris Yorn. Later Goodman said in a statement, “Along with our partners at Indian Paintbrush, we are extremely pleased to be a part of such a great movie, and look forward to working with Drake, Jonathan, Andrea and a tremendous cast of actors.” Starring Anton Yelchin, Felicity Jones, and Jennifer Lawrence, Like Crazy was written by Doremus and Ben York Jones about a British college student who falls for an American student, only to be separated from him when she’s banned from the U.S. after overstaying her visa.
EXCLUSIVE 3:09 AM: Into the wee hours of Sunday, the 2011 Sundance Film Festival was inching close to its first big deal. I’m … Read More »
Steve Coogan has joined the cast of My Idiot Brother, the Jesse Peretz-directed indie comedy that is shooting in New York with Paul Rudd, Elizabeth Banks, Zooey Deschanel, Emily Mortimer, Rashida Jones and Adam Scott. The film’s about family and the sacrifices it takes to deal with them. It’s a co-production between Anthony Bregman’s Likely Story and Peter Saraf and Marc Turteltaub’s Big Beach. Coogan plays a self-righteous documentary filmmaker. Evgenia Petertz and David Schisgall wrote the script.