Buena Vista acquires Par pic rights
Adding to the recent spate of studio split-rights deals, Buena Vista Intl. has acquired distribution rights to Paramount’s Nicolas Cage starrer “Snake Eyes,” according to sources.
As is increasingly the case with these arrangements, Paramount and Disney reportedly will each share in domestic and foreign revenues equally, after marketing and distribution costs are recouped.
Execs at Buena Vista and Paramount could not be reached for comment.
BVI also is the foreign distributor on Par’s hit actioner “Face/Off” and Sony’s “Starship Troopers,” as well as Beacon Entertainment’s “Air Force One,” which is distributed domestically by Sony.
BVI announced last year it had raised more than $200 million in a private placement specifically for the acquisition of international rights.
Paramount and DreamWorks have divided worldwide distribution on two joint projects, “Deep Impact,” which Paramount will distribute domestically in May, and “Saving Pvt. Ryan,” which DreamWorks is scheduled to release domestically next summer. Both studios’ product goes through UIP overseas.
“Snake Eyes,” which stars Cage and Gary Sinise, is set to begin shooting Aug. 4, under the helm of Brian DePalma.
Scripted by David Koepp, the picture concerns a secret service agent on whose watch the secretary of defense is assassinated. The agent turns to a boyhood friend, a local detective, to help him find the killers.