And For Oren Peli's Next Trick...:
You’d think Oren Peli, whose $11,000 horror film Paranormal Activity has ballooned into a $62 million-and-counting megahit for Paramount, would have no trouble finding deep-pocketed suitors to back his next project. You’d be wrong. His Area 51,a sci-fi thriller shooting now in Utah, has a budget of $5 million, and is reportedly searching for bids of $10 million for domestic distribution rights. So far, Paramount, Lionsgate, Overture and at least three other studios have passed. Foreign rights, meanwhile, will be put up for sale at the American Film Market in Santa Monica next week — a harder sell if no one is ready to pony up for U.S. rights. Does this all have to end like The Blair Witch Project? We’d prefer to think that in Hollywood, talent prevails. But as we well know — chaos reigns. [NY Times]
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Posted 27 Oct 2009, 9:59 AM
Okay, Are there any college kids out there? If you want Area 51 to be distributed in the U.S., just tweet #are51usdistribution.