Paramount Wins Bidding War, Closes Deal for Florence Pugh's 'The Midnight Library'
By
Anthony D'Alessandro, Andreas Wiseman
Crisp on the outside, thoughtful on the inside. A keeper.
Summary
Paramount Pictures has officially closed a deal with Studio Canal for North American and international rights to 'The Midnight Library', a fantasy drama directed by Garth Davis and starring Florence Pugh. The deal, valued in the mid-$30M range, was won after a fierce bidding war against Focus Features and Sony. The package was the highest-priced acquisition out of the Cannes film festival.
Key quotes
· 3 pulledParamount has closed their deal with Studio Canal for North American and myriad foreign territories on the Garth Davis directed, Florence Pugh starring fantasy drama The Midnight Library after a crazy auction with Focus Features and Sony.
We hear that the other two studios, Focus and Sony, were also in the mid $30M range for the package which as Deadline's Andreas Wiseman first told you, was the highest out of Cannes.
Said Paramount Pictures Co-Chairs Josh Greenstein and Dana Goldberg, 'Like so many around the wor'
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