EXCLUSIVE: In biggest deal to hit Cannes Virtual Marketplace this year, STX beat a number of competing bids for global rights to Gerard Butler’s action suite Greenland: Migration.
STX is providing around $ 25 million for domestic rights under a deal with European producer-seller Anton and CAA Media Finance. Several streamers were looking for the film. STX will also take all the international to Anton, in a pact that values the foreigner at around $ 50 million.
Anton brought the project to the virtual market where it generated considerable interest from independent buyers, but – as often happens with blockbuster franchise rates – STX, which distributed the original film, had a corresponding option. and was happy to take the plunge. The film will now pass through the studio’s foreign release partners and is sold to buyers in other markets.
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The $ 65 million-plus film will see Butler reprise his role as John Garrity. Continuing the story, the Garrity family, who survive a near-extinction event when an interstellar comet hits earth, must leave the safety of the Greenland bunker and embark on a perilous journey through the wasteland. frosts decimated from Europe to find a new home. Co-star Morena Baccarin will also reprise her role as Allison Garrity.
The core film crew will be returning with director Ric Roman Waugh to headline a script for Greenland writer Chris Sparling.
The project, which is slated to shoot in Q1 or Q2 2022, is produced by Basil Iwanyk and Brendon Boyea of Thunder Road Pictures, Gerard Butler and Alan Siegel of G-BASE, and Sébastien Raybaud and John Zois of Anton.
Greenland debuted last summer with positive reviews and solid box office numbers despite global lockdowns and limited theater capacity. It opened number one in 29 offshore markets, including Germany, France, Italy, Spain and Russia, taking $ 53 million worldwide on a production budget of around $ 40 million. . Following the US and international rollout by STX, the film debuted digitally on SVOD, followed by an exclusive US broadcast on HBO Max (in what was another very lucrative deal).
Butler and Waugh collaborated on an action shot Angel fell, the sequel to Butler’s success Olympus has fallen and London has fallen franchise, which he also produced.
Greenland was one of the few noteworthy large canvas projects in the Cannes Virtual Market, where the Vin Diesel actor also garnered a lot of interest. Muscular and the photo of Jake Gyllenhaal-Vanessa Kirby of Studiocanal Suddenly. In catchy deals so far, MGM has beaten the competition for Zoe Kravitz directed Pussy island with Channing Tatum, and Miramax landed the worldwide rights to Alexander Payne directed Leftovers. As we revealed today, Amazon is on the verge of acquiring the project buzz Enemy.
The virtual presale package market was in full swing last week and business will continue in the coming weeks with the launch of the Cannes Film Festival and the Official Market.