Scott Steindorff’s Stone Village Pictures has paid Nobel Prize winner Gabriel Garcia Marquez more than $1 million for feature rights to his 1985 novel “Love in the Time of Cholera.”
With a production bonus, deal will net Garcia Marquez close to $3 million.
It took Russell and Steindorff nearly two years to convince the Colombian author to license film rights to his epic love story.
“I think we called … every day for 18 months,” Steindorff said. He told Daily Variety they closed the deal Wednesday morning, with the payment in an escrow account and en route to Garcia Marquez. Agencia Literaria Carmen Balcells in Barcelona represented the author in the deal.
Steindorff will produce and package the project before submitting it to studios and financiers. Stone Village exec Dylan Russell brought the book to the company. He and Stone Village’s Scott LaStaiti will serve as co-producers.
Stone Village produced “The Human Stain” with Lakeshore and Miramax and “Empire Falls” with HBO, Paul Newman and Marc Platt.
Other Stone Village projects include Warner Bros. Pictures’ “The Risk Pool,” with Lawrence Kasdan writing and directing and Tom Hanks starring; the remake of Akira Kurosawa’s “Ikiru,” with Richard Price adapting and Hanks starring; and “Modoc,” with Kevin Costner as director and star. Stone Village is out to directors on T.C. Boyle’s “The Tortilla Curtain.”