STX has nabbed worldwide rights to “Greenland: Migration,” a sequel to the 2020 disaster film starring Gerard Butler.In the biggest deal yet at this year’s Cannes Film Festival, STX shelled out $25 million to roll out the film in the U.S.
and Canada and paid another $50 million for international territories.
In line with STX’s distribution model, the sequel is being pre-sold to buyers in foreign markets to offset the massive $75 million price tag.STX distributed the first film, which skipped theaters in the U.S.
and debuted directly on premium video-on-demand platforms.
The company didn’t disclose rental sales, so it’s unclear how many people watched “Greenland” at home.
Outside of North America, “Greenland” played on the big screen in more than 26 countries and collected $52 million at the international box office.Ric Roman Waugh is returning to direct the follow-up to “Greenland,” with screenwriter Chris Sparling on board to write the script.
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