The one Sundance horror film we’ve been pimping hardcore here at B-D is David Bruckner, Jacob Gentry and Dan Bush’s The Signal, which had it’s World Premiere last night as part of Sundance’s Midnight program. Someone was paying attention as not even 24 hours after the screening, Magnolia Pictures acquired the film for a disgusting 2.3 million. The screening went over better than anyone could have anticipated as Quint from AICN and I were treated to one of the best films at this year’s festival, along with a few hundred other lucky individuals. Read on for the official news or click here for interviews with all three directors.
The buying frenzy of the Sundance Film Festival continued into the wee hours of the night when Magnolia Pictures entered final negotiations for North American, U.K. and Australian rights to the horror film “The Signal” after the film’s midnight screening, according to the Hollywood Reporter.
The indie company is said to be purchasing the rights for around $2.3 million, though Magnolia won’t confirm the sale as some deal points remain outstanding.
From writers/directors David Bruckner, Jacob Gentry and Dan Bush, “The Signal” centers on a mysterious transmission which invades every cell phone, radio and TV in the city, turning its inhabitants into killers. “The Signal” will mark the second purchase for Magnolia and its largest acquisition at a festival. The Mark Cuban-owned studio landed the first sale of the confab with the documentary “Crazy Love” picked up late Saturday.
“We didn’t give anyone else a chance on the film,” said Cassian Elwes, co-head of William Morris Independent. “We really wanted to be in business with Magnolia on this one. They had already expressed a lot of interest in the project and it’s a big deal for them. They were really aggressive about the film.”
Watch this spot for interviews and a review in the coming weeks.