Entertainment Studios has bought North American rights to Mandy Moore’s survival adventure “47 Meters Down” from the Bob and Harvey Weinsteins’ Dimension Films.
The company is planning for a 2017 release through its recently purchased theatrical distribution company Freestyle Releasing.
Moore and Claire Holt star as adventure-seeking sisters who go cage-diving while on vacation in Mexico. Much to their horror, the cage breaks away from the boat and leaves them trapped at the bottom of the ocean surrounded by hungry Great White sharks, forcing them to swim 47 meters to the surface while being hunted by the sharks.
“47 Meters Down” also stars Matthew Modine and is directed by Johannes Roberts. Mark Lane and James Harris produced with Bob and Harvey Weinstein as executive producers.
Entertainment Studio has a multi-year output deal with Netflix and recently closed a multi-year home entertainment output deal with Anchor Bay/Starz with the announcement of acquiring, producing, and globally distributing 100 motion pictures over the next 5 years. “47 Meters Down” its its second acquisition following its deal for horror-suspense movie “Friend Request,” which is set for wide release on 2,500-plus screens on Oct. 7.
Dimension Films has delivered us a terrific movie,” said Byron Allen, Founder, Chairman, and CEO of Entertainment Studios. “We have paid a premium for ’47 Meters Down’ because we really believe in the genre, and in the film.”
The decision by the Weinstein brothers to move “47 Meters Down” to Freestyle is the latest in a series of changes in the company’s release schedules, which has included delaying Alicia Vikander’s “Tulip Fever” until next year, moving Michael Keaton’s “The Founder” from August to December and setting Matthew McConaughey’s for a Christmas Day opening.
Dimension had originally planned to release the film before Sony opened its Blake Lively shark film “The Shallows” in June but opted to go with Entertaintment Studios instead. Dimension’s Matthew Singer said his company contributed additional funds to enhance the picture.
“When the producers brought us Entertainment Studios, who will release the movie wide next year, we all agreed this would be the best option for everyone involved and were happy to make a deal,” he said. “We wish Entertainment Studios the best of luck and couldn’t be happier for the filmmakers.”