PARK CITY — The Weinstein Co. has snapped up rights for “My Idiot Brother” here at Sundance for a reported $6 million to $7 million and a $15 million P&A commitment for a wide theatrical release.
Deal marks the biggest of the fest so far and was sealed after an all-night bidding war that kept reps UTA and producer Peter Saraf up until the wee hours. Other buyers circling the project include Fox Searchlight, Relativity Media and Summit.
Bidders were putting in offers until 6:00 a.m.
Ron Burkle, who backed Harvey and Bob Weinstein’s bid to acquire Miramax Films and its library, will partner on the buy.
Ashok Amritraj’s Hyde Park International is handling overseas rights.
Deal was negotiated by TWC Harvey Weinstein, David Glasser and Peter Lawsom with UTA’s team and producers Saraf, Anthony Bregman and Mark Turtletaub.
TWC will handle domestic rights as well as U.K., Germany, France and Japan.