In an unprecedented Sundance Film Festival deal haul for a single distributor, Amazon Studios gave the clearest indication of its movie future by paying a record near $50 million for five films. The acquisition avalanche began with the fest’s first big pact for Late Night (record $13M for U.S. rights). Within a matter of days, Amazon bought Brittany Runs A Marathon ($14M for world rights), The Report ($14M for world rights), Honey Boy ($5 million) and One Child Nation. It might have gotten a sixth, the Festival Favorite Award-winning documentary Knock Down the House, which went for a record $10 million to Netflix. But the fit was wrong because the film’s heroine, freshman congresswoman Alexandra Ocasio-Cortez, was simultaneously bashing Amazon for its since-abandoned tax incentive-laden plan to build NYC headquarters near her congressional district.
“That may have been part of it, because we were engaged in that negotiation and then [the film] went elsewhere,...
“That may have been part of it, because we were engaged in that negotiation and then [the film] went elsewhere,...
- 2/18/2019
- by Mike Fleming Jr
- Deadline Film + TV
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