Company acquires worldwide rights to Syeed pic

108 Media/Paladin partnership has acquired worldwide rights to Musa Syeed’s “Valley of the Saints” with plans for a North American theatrical release in the summer.

108 Media also plans to begin selling foreing territories for “Valley” at Berlin.

“Valley” was produced by Nicolas Bruckman’s New York-based production company People’s Television. The film premiered last year at Sundance, winning the audience award and the Alfred P. Sloan Foundation Feature Film Prize and has played at over 50 domestic and international festivals.

Pic is set on Dal Lake in Kashmir and centers on a young man who earns his living ferrying tourists around the lake but who himself has never left his remote village. When he transports a young scientist who’s studying the creeping effects of pollution on the local waters, he’s transformed by seeing his world through the eyes of an outsider for the first time.

Since forming its partnership with Paladin last summer, 108 Media has acquired Michel Gondry’s “The We and the I,” which opens in New York on March 8 and the Salman Rushdie/Deepa Mehta collaboration, “Midnight’s Children,” which screened at Telluride and Toronto and is set to open in April. It’s also opening Sally El Hosaini’s “My Brother Devil,” another Sundance title from 2012, in New York on March 22.

The deal for “Valley” was brokered by Traction Media on behalf of the filmmakers, with 108 Media’s Abhi Rastogi, Paladin president Mark Urman and Nathaniel Warsh of 108 Media.

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