A24 acquired 'The Invite' for around $10 million after a competitive bidding war at Sundance Film Festival.
The film features Olivia Wilde, Seth Rogen, Penélope Cruz, and Edward Norton.
Wilde preferred a traditional theatrical release, influencing the deal.
'The Invite' has garnered a 91% rating on Rotten Tomatoes.
Why this matters: This acquisition highlights the continued importance of theatrical releases for certain filmmakers and the competitive nature of the indie film market at Sundance.
A24's acquisition of 'The Invite' signifies a significant deal in the indie film landscape post-Sundance. The film, directed by and starring Olivia Wilde, alongside Seth Rogen, Penélope Cruz, and Edward Norton, revolves around a dinner party among neighbors. The bidding war involved multiple studios and streamers, with A24 ultimately securing the U.S. rights for approximately $10 million. Wilde's preference for a theatrical release was a key factor in the decision-making process. The movie has received positive early reviews, boasting a 91% rating on Rotten Tomatoes.
Q: What is 'The Invite' about?
'The Invite' is a comedy focusing on a dinner party among neighbors, starring Olivia Wilde, Seth Rogen, Penélope Cruz, and Edward Norton.
Q: How much did A24 pay for 'The Invite'?
A24 acquired the U.S. rights for around $10 million.
Q: What was a key factor in Wilde's decision to sell to A24?
Wilde preferred a traditional theatrical release.
Readers should note that 'The Invite' is set for a theatrical release under A24, offering a blend of comedy and star-studded performances. The film's successful premiere at Sundance and high Rotten Tomatoes rating suggest it may be a notable indie release to watch for. The deal underscores the value that some filmmakers still place on the theatrical experience.
Do you think 'The Invite' will be a success in theaters? Let us know your thoughts!
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