EXCLUSIVE: We told you two nights ago that buyers were circling. Now the eagle has landed. Tom Hanks comedy A Man Called Otto has sold to Sony in a record EFM worldwide rights deal pegged around $60M.Sony has taken global rights to the red-hot package from CAA Media Finance and is lining up a wide domestic theatrical release this Christmas, we understand.Buyers have been clamouring for this one heading into the virtual EFM.
There were multiple big offers on the table from studios, indies and a couple of streamers but it ultimately came down to Sony vs international buyers in a close run thing.
In terms of EFM records, the deal moves past the $55M Netflix paid last year for Christian Bale thriller The Pale Blue Eye. A big reason Sony got the film is its continuing commitment to theatrical.
The film will open year end in around 2000 screens.The project is due to begin this month on location in Pittsburgh, Pennsylvania.
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