Netflix And Amazon Are The Top Buyers At Sundance Film Festival, Find Out Which Film Sold For $10 Million

Published On January 26, 2016 » 793 Views» By Z-rowe »

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While most traditional distributors haven’t picked up anything coming out of the 11-day Sundance Film Festival, Netflix and Amazon have been extremely busy. Amazon is leading the way with four films and Netflix is not far behind with three.

And it looks like Amazon might have scored one of the most popular films at the festival. The Casey Affleck-led drama Manchester By the Sea sparked a passionate bidding war after its successful premiere at the festival this past weekend.

According to Deadline, the auction went on all night, and Amazon finally came out on top with a $10 million deal. Why was the streaming service willing to pay so much? Because the film has the potential to win some awards, which is why there are “plans for a traditional theatrical release with an awards season campaign.”

Matt Damon is a producer on the film, and he told USA Today that he cried every single time he read the script.

“Basically, it’s one of the best roles I’ve ever seen. Casey instantly took the role. Because he saw what we all saw. I never made it through this script without crying. … I wish I was in it, but I’m happy to be attached to it.”

Meanwhile, Netflix dropped a cool $7 million for the global streaming rights to “The Fundamentals of Caring,” which stars Paul Rudd, Selena Gomez and Craig Roberts. It’s based on the 2012 novel of the same name by Jonathan Evison.

Gomez promoted the movie heavily on her Instagram while filming was taking place early last year.

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