Corrections were made to this article on Jan. 25, 2007.
PARK CITY -- The unexpected buying frenzy that dominated the 10-day Sundance Film Festival has begun to wind down, although another bidding war could ensue over Jake Paltrow's debut feature "A Good Night," which didn't preem until Thursday night.
All told, well over $40 million has been spent on a diverse group of films: comedies, dramas, a docu about the Apollo astronauts, thrillers, and coming-of-age titles, including one about a girl who has teeth in a very special place.
And the latest: On Thursday, First Look acquired Michael Douglas-starrer "King of California" for $3 million.
"The level of commitment that buyers are making exceeds any festival in recent memory in terms of the breadth and scope of their investment," Sundance Film Fest director Geoff Gilmore told
Daily Variety.
"Companies aren't just purchasing one film, they are going onto the next deal," Gilmore said. "It is terrific for the independent film community."
Heading into the fest, many buyers complained that the lineup was too serious. Gilmore has learned to let people speculate all they want, so kept mum. On the eve of the fest, many in the media pronounced it would be the year of docus; and while documentaries have done well, features did even better.
Some of the titles nabbing the most pre-fest buzz have failed to find a buyer so far, including opening night docu "Chicago 10," from filmmaker Brett Morgen, and the controversial Dakota Fanning starrer "Hounddog."
Two years ago, and again last year, there were only one or two acquisitions making headlines. Last year, it was for rights to "Little Miss Sunshine," a breakout hit and Oscar nominee. In 2005, the big buy was "Hustle & Flow."
This year, there were multiple deals falling in the $4 million to $7 million range for features. Docus also commanded impressive prices.
Sundance 2007 has witnessed the return of Harvey Weinstein in full Sundance fashion after being distracted the past two years by the split from Disney and the formation of the Weinstein Co.
The major buys, listed by distributor: