Art and Experience: A bizarre Toronto Film Festival market keeps getting weirder.
A mysterious Chinese buyer has picked up North American distribution rights to “Colossal,” an offbeat monster movie starring Anne Hathaway that opened at the festival over the weekend, Variety has confirmed. No word yet on the identity of the company that put up the money, but it will be revealed in coming weeks when the backers announce an investment in a U.S. distributor. It will get a theatrical release in 2017.
This year’s festival has been slow going, with very few major deals closing after nearly a week of screenings. Fox Searchlight did make a splash by acquiring “Jackie,” a biopic about Jacqueline Kennedy, but aside from that very few titles have secured distribution.
“Colossal” was one of the festival’s hotter targets because it stars Anne Hathaway in a showy role as an alcoholic New Yorker and earned solid notices when it debuted. The film drew interest from other buyers, including indie label A24.
In the movie, written and directed by Nacho Vigalondo (“Open Windows”), Hathaway plays a character who, after getting dumped by her boyfriend, discovers that she can control a creature in Seoul.
CAA and Voltage Pictures handled the deal.”Colossal” co-stars Jason Sudeikis and Austin Stowall. The deal was in the mid-seven figure range, but a sales price was not revealed.
The film was produced by Zev Foreman, Nahikari Ipiña, Russell Levine, Dominic Rustam and Shawn Williamson.
Deadline first broke the sale.