"Buried"Acquired By Lionsgate
To watch the trailer click Here"In the first major feature pickup of the Sundance Film Festival, Lionsgate has acquired North American rights to Ryan Reynolds' thriller "Buried," about a private contractor who is kidnapped in Iraq and buried alive.
Insiders say the price tag was in the $3 million to $4 million range.
Directed by Spanish helmer Rodrigo Cortes and penned by Peter Safran, the film whipped up a flurry of interest among buyers after making its world premiere late Saturday night. Pic was produced by Safran and Adrian Guerra.
" 'Buried' is one of the tightest, most intense thrillers we've ever seen, and we were absolutely determined to bring it home to Liosngate," said Jason Constantine, prexy of acquisitions and co-productions at Lionsgate. He and Lionsgate co-chief operating office Joe Drake announced the deal.
Cortes said the deal with Lionsgate ensures that the film will be released with the strongest possible impact. "So it's a very natural fit," he said.
The speed with which the deal was made defies recent history. Buyers are taking longer and longer to finalize distribution deals for films playing at festivals. A prime example of the slower dealmaking process came on Saturday, when a distrib deal was announced for "Paper Man," a Jeff Daniels-Ryan Reynolds starrer that premiered at the Los Angeles Film Festival in June of last year.
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Sourc-Variety
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