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NEWELL DOES MUSIC PIC FOR DISNEY

While Penny Marshall’s having trouble selling beachfront mid-life crisis, director Mike Newell and Disney are betting big on a mid-life crisis in the music industry.

They’ve paid $100,000 against $400,000 for “High Fidelity,” Nick Hornby’s novel about a music executive in the ’70s who, after leading the high life for years, finds he’s suddenly the oldest guy in the room. Charles Walker of Britain-based Peters Fraser & London scored the sale. He said the book’s a bestseller in Britain and debuts in the U.S. this fall via Pantheon.

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