3D stop-motion pic bought for low seven figures
MADRID — U.S. film financing and distribution company Tayrona Ent. has acquired Latin American theatrical rights to Spain’s first 3D stop-motion pic, “O Apostolo.”
Tayrona bought pic for low seven figures from Shoreline Ent., which handles worldwide sales.
“O Apostolo” will be released on more than 1,000 screens across Latin America next year, with an emphasis placed on Mexico, Brazil, Argentina, Colombia and Venezuela, Tayrona prexy James Ordonez told Variety.
Deal comes three months after Tayrona announced it had boosted its P&A fund to $80 million from $30 million for Latin America, aimed at elevating the shingle to a studio-level presence in that market.
The distrib has committed to spend more than $7 million on “Apostolo’s” P&A, said Morris Ruskin, CEO at Shoreline, which will be selling the film at the AFM.
Suspenser “O Apostolo,” which is helmer Fernando Cortizo’s feature debut, turns on a convict who escapes from jail and travels to a remote Galician village that lives under a 100-year-old curse. Pic is budgeted at $7.3 million.
Currently in post, “Apostolo” is produced in Spain by Galicia-based Artefacto Prods. and the Paideia Foundation.
(Emilio Mayorga contributed to this report.)