Paramount Acquires Florence Pugh-Led 'The Midnight Library' Adaptation for $36M

Anthony D'Alessandro, Andreas Wiseman

3d ago· 2 min readenNews

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· 3 sources

Paramount Pictures has acquired North American and select international distribution rights to "The Midnight Library," a film adaptation of Matt Haig's novel starring Florence Pugh and directed by Garth Davis. Deadline reported the deal is valued at $36 million, with Paramount beating out Focus Features and Sony in a bidding war at the Cannes film market. Variety noted that StudioCanal will retain distribution rights in several international territories, including the UK, France, Germany, and Australia.

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Summary

Paramount Pictures has won the bidding war for 'The Midnight Library', a feature film adaptation of Matt Haig's bestselling novel, starring Florence Pugh and directed by Garth Davis. The deal is valued at $36M, with Paramount beating out Focus and Sony for North American and select foreign market rights. StudioCanal will retain rights in several international territories including the UK, France, Germany, and Australia. The deal is not yet fully closed as territory negotiations continue.

Key quotes

· 4 pulled

Paramount beat out Focus and Sony who were circling to acquire North America and select foreign markets on the project.

StudioCanal will retain rights in UK, France, Germany, Italy, Poland, Benelux, Australia, NZ and South Africa.

The deal isn't closed as Paramount and StudioCanal are still settling territories.

While this feature could be conceived as an awards play for Paramount

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Florence Pugh 'Midnight Library' Movie Won By Paramount

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