Cannes 2011: Acquisitions heat up; homes found for THE IRON LADY, ANOTHER HAPPY DAY, more

Kate Erbland

by: Kate Erbland
May 13th, 2011

Let's get this ball rolling - the Cannes Film Festival is in full swing, and the news of buyers snapping up films, scripts, packages, and rights is coming out fast and furious. It's almost too much to process, unless you have a handy daily update from your friendly neighborhood movie site, happy to aggregate all the news for you. That's us, by the way. Today, we get news on a number of deals, from Sundance favorites to the continuation of beloved franchises.

After the break, get the details on all the films recently picked up at Cannes, along with who is releasing them and reported release dates (where applicable). Get your calenders ready, kids.

Thanks to Deadline, we have word that Sundance favorite (and Waldo Salt Screenwriting Award winner) ANOTHER HAPPY DAY is going to Phase 4 Films for domestic rights. Phase 4 plans to release the film in the fall. It's family dramedy starring Ellen Barkin, Demi Moore, Kate Bosworth, Thomas Haden Church, Ezra Miller, and Ellen Burstyn.

Deadline also tells us that Sierra/Affinity have sealed up international sales for the Cannes film FILTH, based on an Irvine Welsh novel.

IndieWire tells us that Arrow Entertainment has bought the worldwide rights to Philippe Mora’s 3D biopic, DALI 3D, starring Alan Cumming as the famous artist. The film is set to lens in November.

Over at Thompson on Hollywood, our good friend Anne hears that Sony Pictures Classics has picked up Joseph Cedar's FOOTNOTE for North American and Latin rights. "The story is about rival father-son academics." Thompson also mentions that John Hillcoat's THE WETTEST COUNTY IN THE WORLD has a number of interested buyers, including SPC and Focus Features.

In big, unsurprising news, Deadline (again!) reports that The Weinstein Company has picked up the U.S. distribution rights to the Meryl Streep-as-Margaret-Thatcher biopic, THE IRON LADY. Can you say, "awards bait"? Like THE KING'S SPEECH, the film will open during Oscar season. It sounds like there was a bidding war between the Weinsteins, Summit, Relativity Media, and Fox Searchlight which, though not shocking, is somewhat stupefying considering only five minutes of the film was shown to buyers.

But probably the biggest news of all comes to us again from Deadline, with the news that Megan Ellison and her Annapurna Films won the auction for THE TERMINATOR rights, which would allow production on at least two more films. Justin Lin is reportedly attached to direct and Arnold Schwarzenegger attached to star. No word on final numbers, but it's expected that the final deal was made for over $20 million. Honestly? Kind of a steal.

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