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The Sundance Film Festival wrapped up on Sunday, with the top story from this year’s festival being the end of its over 40-year run in the mountain resort of Park City, Utah. A new chapter for Sundance will begin next year when the festival relocates to Boulder, Colorado.
This year, there was a smattering of the legendary late-night studio bidding over rights for films premiering at the festival. Luckily for exhibitors, most of the winners are studios that are committed to putting movies in theatres. THE INVITE, a comedy directed by and starring Olivia Wilde with Seth Rogan, Edward Norton, and Penelope Cruz, was well-received at its festival premiere and sought after by multiple studios.
Wilde held firm on her desire for her film to be released theatrically and accepted an offer from A24 worth $12 million, despite having received a more lucrative offer from Netflix. Another buzzy film at the festival was the horror movie LEVITICUS, which was acquired by NEON for a “seven-figure” sum, according to Deadline.
A few prominent titles have yet to secure a distribution deal, most notably the drama JOSEPHINE starring Channing Tatum and Emma Chan. It won the audience award at this year’s Sundance and would seem to be a prime contender for industry awards next year. As of this weekend, both Netflix and Warner Bros. are still lurking and have yet to make their customary big splash at the festival.