22 January 2013 10:19 AM, PST | Deadline New York | See recent Deadline New York news »

Update, 10:19 Am: Fox Searchlight confirms that it has closed the deal on The Way, Way Back, saying it’s for just under $10 million. Since I was up all night writing cross-eyed to break the story hours ago, I would rather not repeat myself, so here is the early-morning story again, and I’ll put the official press release below my original story break when it arrives. Earlier Exclusive, 4:09 Am: The Sundance Film Festival has emerged as one of the craziest for deal making in recent memory. After a wild all-night negotiating session following a raucous premiere screening yesterday of The Way, Way Back, Fox Searchlight has emerged as the frontrunner to acquire domestic rights and several other territories. The price tag is around $10 million minimum guarantee, with a P&A and theatrical commitment. Searchlight was among bidding distributors that include Lionsgate, FilmDistrict, Paramount Pictures, and Warner Bros. Buyers »


- MIKE FLEMING JR

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