Working Title Films brought $750,000 to the “Party of Four” last week and went home with Tracey Jackson’s comedy spec script, ending a bidding war that went through the weekend.
The acquisition marks Jackson’s biggest feature sale to date and Working Title’s second high-profile buy in as many months. The scribe is guaranteed the money regardless of whether the project makes it to the bigscreen.
Despite offers from 20th Century Fox for helmer Chris Columbus and Peter Guber’s Mandalay Entertainment, Jackson and her Gersh Agency rep Richard Arlook took the script off the market when Working Title made its final offer.
Sources said Jackson was swayed by Working Title’s intention to immediately put the project into production, with plans to begin shooting as soon as this fall. Working Title’s senior VP Liza Chasin said a director would be signed within the next couple of weeks. Chasin closed the deal with Arlook on Monday.