The leather anniversary of the Los Angeles Independent Film Festival in March was laced with heavy distribber purchasing power as the maturing fest hit its third year. The acquisition community’s shopping trip at LAIFF continued its traditional heavy pace, as the fest boasts that 40% of all films world-premiering at the competition have been picked up by a distrib.
Leading the list of the quartet of new movies acquired in ’97 was “Little City” starring Jon Bon Jovi, Penelope Ann Miller and Annabella Sciorra. The pic was nabbed by Miramax from Initial Entertainment Group for a reported $2.8 million, making it one of the largest indie acquisitions in a film-starved year.
Other pics procured during the fest’s run include the best feature award winner “Sick: The Life and Death of Bob Flanagan, Super Masochist,” picked up by CFP; “Lovelife,” acquired by Trimark; and “Ocean Tribe,” grabbed by J&M for foreign release.
Next year’s fest will run from April 16-20 and submissions will be accepted from mid-October through mid-January. For more information, call (213) 960-9460.