Anthony D'Alessandro Editorial Director/Box Office EditorEXCLUSIVE: We hear that Paul Thomas Anderson’s new 1970s San Fernando Valley movie is jumping from Focus Features to MGM.
Neither studio would confirm, but we know that it’s a deal that’s going down according to sources, and that the production is leaving the Universal specialty label which made his Oscar-winning, near $48M WW global grossing period feature Phantom Thread.
CAA Media Finance represents the film.The movie did not go into production prior to the shutdown of feature productions during the COVID-19 pandemic.
It’s unclear at this time whether Anderson was on a timeline, and needed to get this movie done and filming, or if the production was too costly for Focus.
Read more on deadline.com
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