UPDATE: Paramount Closing $12.5 Million Deal for Chris Rock’s ‘Top Five’

Top Five Toronto Film Festival

UPDATED: Paramount is about to finalize what will likely be the biggest deal of this year’s Toronto Film Festival: a whopping $12.5 million for the Chris Rock comedy “Top Five.”

The studio, which is acquiring worldwide rights to the movie, has also agreed to spend $20 million on P&A, Variety has learned.

The Scott Rudin-produced film, which Rock stars in and directs about a day in the life of a comedian movie star, premiered in Toronto on Saturday night and sparked a fierce bidding war among several studios.

The film’s budget was north of $10 million.

Buyers interested in the film included CBS Films, Sony, Open Road and Relativity.

Part of the concern for potential buyers is that with a substantial promotional commitment and Rock’s limited international following, the film would be almost wholly dependent on its domestic box office in order to make a profit. However, the film was enthusiastically received by audiences at Toronto and knowledgeable insiders say it has real commercial potential.

Paramount makes sense because the studio’s chief, Brad Grey, has a longstanding relationship with Rock.

Deadline was the first to report that Paramount was in lead position to grab the rights.

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  1. Limited international following? Chris had a worldwide sellout tour in 2008.

  2. Alain Victor LaCroix says:

    “Part of the concern for potential buyers is that with…Rock’s limited international following” – I’m curios to know if studio sources cited this concern or is this an assumption on the writer’s part? Rock has significant international appeal with sold out concerts around the world, not to mention the Grown Ups and Madagascar franchises which have well over $1.5 billion in ticket sales combined.

  3. Elements typically seen on movie screens were guns drawn and cleavages exposed.
    He, along with the other townspeople, watches the beautiful theater being demolished.
    There are several cinema news website which update the photos and videos of the wedding.

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