Sundance Film Festival

Sunday Morning Deal Making

MARGIN CALL deal makers sundance film festival

By Sunday morning, with the snow taking a break and the sun shining, the deal-making aspect of Sundance finally kicked into high gear. Woohoo!

Lionsgate and Roadside Attractions announced that they’d closed a deal for MARGIN CALL, the Kevin Spacey financial thriller that excited early interest from buyers and is considered one of the more broad-reaching films here.

And in one of the more ferocious bidding wars, Paramount and Indian Paintbrush reportedly forked over $4 million to snag the much beloved LIKE CRAZY, a film by DOUCHEBAG director Drake Doremus that stars up-and-comers Anton Yelchin and Felicity Jones as college students who fall in love only to have their relationship thwarted by the INS.

Meanwhile, sources say that buyers are circling Jesse Peretz’s offbeat comedy MY IDIOT BROTHER, which premiered last night at the Eccles. The house was packed, with several execs (Harvey Weinstein among them) huddling in the lobby afterwards, furiously texting. The film will likely land a deal within the next day or so, given it’s star-studded cast: Paul Rudd plays a by ne’r-do-well brother who wreaks havoc on the lives of his three sisters (Emily Mortimer, Zooey Deschanel, and Elizabeth Banks). But talking to industry insiders afterwards, the consensus is that it’s sweet and funny enough, but not on the level of Sundance break-out hits like LITTLE MISS SUNSHINE.

Stay tuned for more deal updates…

Be sure to satisfy all your festival needs with the latest buzz, top stories, and celebrity interviews from Sundance Channel’s coverage of the 2011 Sundance Film Festival.