New Line wins oliviawilde's Booksmart follow-up, thriller 'Don't Worry Darling'
Olivia Wilde has chosen New Line as the home of her next directorial project, a period thriller titledIn what shaped up to be one of the biggest deals of the year, New Line won the project with the promise of an aggressive and lucrative backend rarely seen in these modern movie times.But it’s a deal facilitated by the desire to work with Wilde, the actress who made her directorial debut with, the wildly praised coming-of-age movie released in May.
Wilde is on board as director and star, and will also produce with Silberman and Roy Lee of Vertigo Entertainment. Sources say that Wilde and her team presented a term sheet to interested parties, which quickly turned out to be almost every studio, streamer and financier in town. Meetings were held Friday and early this week with Wilde making a thoughtful and belabored decision that lasted days longer than anyone anticipated. In the end, the deal came down to Netflix and New Line.
Where the deal veers into rare territory is in the backend. Sources say that the filmmakers and producers stand to get 50 percent in the profit participation, which kicks in when the movie breaks even., the comedy directed by Todd Phillips. The filmmaker got a 30 percent backend deal but that was only after the studio made budgets cuts in order to grant Phillips' wish of casting then non-stars such as Bradley Cooper and Zach Galifianakis.
One executive involved in the process said the bidding war "speaks to the lack of good material out there. Anything that is unique will generate interest."SIGN UP!
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