9 November 2013 7:00 PM, PST | The Hollywood Reporter | See recent The Hollywood Reporter news »

Lionsgate is hanging ten with Alcon Entertainment's Point Break reboot, which has quickly become the biggest success story of the 2013 American Film Market after selling out around the globe. The big-budget update of Kathryn Bigelow's 1991 action-thriller will feature a myriad of extreme sports, and not just surfing. In the current uncertain market climate, it is almost unheard of for an independent film to sell  without cast attached, but uber salesman Patrick Wachsberger, co-chairman of the Lionsgate Motion Picture Group, has done just that with Point Break as foreign distributors rushed to outbid each other for

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- Scott Roxborough, Pamela McClintock

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