Rebecca Rubin Film and Media ReporterSTX has nabbed worldwide rights to “Greenland: Migration,” a sequel to the 2020 disaster film starring Gerard Butler.In the biggest deal yet at this year’s Cannes Film Festival, STX shelled out $25 million to roll out the film in the U.S.
and Canada and paid another $50 million for international territories. In line with STX’s distribution model, the sequel is being pre-sold to buyers in foreign markets to offset the massive $75 million price tag.STX distributed the first film, which skipped theaters in the U.S.
and debuted directly on premium video-on-demand platforms. The company didn’t disclose rental sales, so it’s unclear how many people watched “Greenland” at home.
Read more on variety.com