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A24 acquires Olivia Wilde’s ‘The Invite’ in a major deal out of Sundance
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After a competitive bidding process, indie studio A24 has acquired the U.S. rights to Olivia Wilde’s comedy “The Invite” in a major deal out of the Sundance Film Festival.
The film, which stars Wilde, Seth Rogen, Penélope Cruz and Edward Norton, was purchased for around $10 million, according to a person familiar with the deal who requested anonymity due to the sensitive matter. One factor for Wilde was a preference for a traditional theatrical release.
“The Invite” focuses on a dinner party among neighbors and was billed as a must-see after it premiered over the weekend at Sundance. So far, the film has notched a 91% rating on aggregator Rotten Tomatoes.
A24 Wins Olivia Wilde’s Annapurna Film ‘The Invite’ For $10M+ In Sundance Bidding War
EXCLUSIVE: A24 has won the multi-party bidding war for US rights to Olivia Wilde and Annapurna’s buzzy Sundance Film Festival film The Invite. The title was won with a highly competitive eight-figure deal after a 72-hour marathon bidding battle. The bids started at $10 million and climbed upward. Word was that Wilde wanted a theatrical release.
Toward the end, it was a three-horse race after Warner Bros‘ new contemporary film label headed by former Neon marketing guru Christian Parkes put in a last-minute bid against A24 and Focus Features. Now, A24 has the film. Previous bidders on the project included Netflix, Neon, Searchlight and even Sony.
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