EXCLUSIVE: In the biggest deal to go down at this year’s Cannes virtual market, STX has beaten out a number of rival bids for worldwide rights to Gerard Butler action sequel Greenland: Migration.STX is stumping up around $25M for domestic rights in a deal cut with Euro producer-seller Anton and CAA Media Finance.
Multiple streamers were in the hunt for the movie. STX will also take all of international from Anton, in a pact which values foreign at around $50M.Anton took the project to the virtual market where it garnered significant interest from indie buyers, but — as often happens on successful franchise fare — STX, which distributed the original movie, had a matching option and was happy to take the plunge.
Read more on deadline.com
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