The studio beat out Relativity Media and Paramount Pictures in a bidding war for the rights to this movie, financed by Bold Films, which follows an American family who relocates to Southeast Asia, where they find themselves in the middle of a violent government coup. The deal is expected to close today, with the studio acquiring the movie for $5 million, the second-largest deal at this year's Cannes Film Festival, behind the whopping $20 million Paramount Pictures paid for Story of Your Life starring Amy Adams. The deal marks the second project Bold Films has sold at Cannes, following Open Road Films' acquisition of Nightcrawlers.
John Erick Dowdle directed The Coup from a script he co-wrote with his brother Drew Dowdle. The Weinstein Company is eyeing a winter or spring release for The Coup.
In related news, Song One starring Anne Hathaway and Mary Steenburgen, will likely be picked up by Cinedigm and Film Arcade for a U.S. release.