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Andy Samberg’s Palm Springs just broke the nicest records at the 2020 Sundance Film Festival this year. Hulu and Neon acquired the romantic-comedy for $17.5 million…and 69 cents. The number broke Sundance sale records for the biggest acquisition deal, sailing past Nate Parker’s 2016 film The Birth of a Nation by, yes, 69 cents. And while Hulu and Neon made a historic deal worthy of a few winks and nudges, Apple and A24 celebrated a more serious record-breaking deal in their acquisition of Boys State, a buzzy documentary that at $12 million, became the highest-paid documentary in Sundance history.
Deadline broke the news that Hulu and Neon broke Sundance sales records with its $17,500,000.69 acquisition of Palm Springs. The company was very intent on announcing that price to the penny, as those last 69 cents pushes the deal just past the 2016 Sundance hit The Birth of a Nation, which Fox Searchlight acquired for $17.5 million. That makes Palm Springs the record-holder for the biggest Sundance deal, certainly an impressive price for a modestly budgeted comedy that nonetheless earned raves out of the festival.
Samberg - Film - Cristin - Milioti - Producers
Samberg, who stars in the film alongside Cristin Milioti, and his producers Akiva Schaffer, Jorma Taccone of The Lonely Island, and Becky Sloviter released a celebratory announcement very in line with the inside joke in the acquisition numbers.
“We spent over 85 million dollars of our own money on this movie, WE ARE TAKING A BATH on this deal,” Samberg, Schaffer, Taccone, and Sloviter wrote. “We hope NEON...
(Excerpt) Read more at: /Film
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