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Toronto: Paramount Pictures Acquires ‘Top Five’ for Worldwide Distribution

Paramount Pictures announced on Wednesday that it had acquired worldwide distribution of the Chris Rock comedy “Top Five,” which premiered at Toronto to rave reviews over the weekend.

The deal, according to sources, was said to close at a whopping $12.5 million, which will likely make it the biggest out of the festival. The studio has agreed to spend another $20 million on P&A, Variety has learned.

Rock directed and starred in the film about a comedian-movie star which is told over the course of a single day. Scott Rudin and Barry Diller financed the picture, which had a budget of more than $10 million.

“Chris and I go back decades, both personally and professionally, and so I am particularly proud to have watched his career grow to its highest heights over many decades,” Paramount CEO Brad Grey said in a statement.

The deal was negotiated by UTA and Paramount’s Eben Davidson and Rona Cosgrove.

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