A24 acquires Olivia Wilde's 'The Invite' in a major deal out of Sundance

After a competitory bidding process, indie workplace A24 has acquired the U.S. rights to Olivia Wilde’s drama “The Invite” successful a large woody retired of the Sundance Film Festival.

The film, which stars Wilde, Seth Rogen, Penélope Cruz and Edward Norton, was purchased for astir $10 million, according to a idiosyncratic acquainted with the woody who requested anonymity owed to the delicate matter. One origin for Wilde was a penchant for a accepted theatrical release.

“The Invite” focuses connected a meal enactment among neighbors and was billed arsenic a must-see aft it premiered implicit the play astatine Sundance. So far, the movie has notched a 91% standing connected aggregator Rotten Tomatoes.

The marketplace astatine Sundance has traditionally been viewed arsenic a bellwether for the indie movie business. In the past fewer years, deals person been slower to look from the festival, peculiarly arsenic streamers stopped offering monolithic sums for films to banal their platforms and arsenic studios chopped backmost connected spending.

The woody for “The Invite” is 1 of a fistful that person already been announced. On Tuesday, Neon said it acquired the worldwide rights to fearfulness movie “Leviticus,” which premiered astatine Sundance. Neon besides bought the worldwide rights implicit the play for different fearfulness flick, “4 X 4: The Event” from filmmaker Alex Ullom. That woody was the archetypal to beryllium made successful Park City, though the movie was not shown astatine Sundance and volition statesman accumulation aboriginal this year. The worth for some of Neon’s deals was not disclosed.