×
You will be redirected back to your article in seconds

Cannes Mega Deal: Jessica Chastain Spy Movie ‘355’ Fetches $25 Million Offer as Bidding Heats Up (EXCLUSIVE)

In what will surely be the biggest deal out of this year’s Cannes Film Festival, the spy thriller “355” starring Jessica Chastain and an ensemble of A-list actresses has fetched a $25 million offer from Global Road Entertainment for North American distribution rights, Variety has learned.

That number could climb higher as other players are weighing offers. Amazon Studios has said to also put in a bid for the movie. And there’s also a possibility that a studio like Twentieth Century Fox or Paramount could come in and snatch up global rights on the project, which has a budget of $75 million.

355,” which held a presentation for buyers on Thursday afternoon, is the most high-profile package to arrive at Cannes this year. The movie will star Chastain, Marion Cotillard, Penelope Cruz and Lupita Nyong’o as a troupe of spies in the tradition of “The Bourne Identity” or “Mission: Impossible” franchises. All the actresses were on hand to pitch the movie to a packed room at the Majestic Hotel.

Simon Kinberg will direct the script written by Theresa Rebeck (“Smash”).

CAA and FilmNation Entertainment are handling sales on the project. A final deal is expected to be reached soon, but worldwide rights for the project could well sail past $100 million, including P&A costs. This year’s Cannes has been a sleepy affair so far, with few stars on the Croisette and not much cash trading hands. But “355” is poised to change all that.

More Film

  • Midnight Traveler review

    Film Review: 'Midnight Traveler'

    Refugees rarely get to tell their own stories, which means their stories get told for them — often inaccurately and with undue hostility. Lack of resources is one issue, but a lack of stability is another: Asylum-seekers are in a frightening state of limbo, fleeing the imminent dangers of their native countries only to suffer [...]

  • WGA Authorizing Managers, Lawyers to Make

    WGA Authorizing Managers, Lawyers to Make Deals if Agents are Fired

    The Writers Guild of America has authorized managers and lawyers to negotiate deals for writers in place of agents — if the guild tells members to fire their agents on April 7. The guild’s negotiating committee notified members of the plans in a message Wednesday. The WGA and the Association of Talent Agents having made [...]

  • Gone With the Wind Screening

    Film News Roundup: 'Gone With the Wind' Sets Event Cinema Record

    In today’s film news roundup, “Gone with the Wind” sets a new record, “Fiddler: A Miracle of Miracles” is acquired, and Tracy Oliver signs with Topic Studios. EVENT CINEMA RECORD The 80th anniversary release of “Gone with the Wind” has grossed $2.23 million in six nationwide screenings on four dates — a record as the [...]

  • Made in Abyss - Journey’s Dawn

    Film Review: ‘Made in Abyss: Journey’s Dawn’

    It’s a Herculean effort to take a multi-volume manga like author Akihito Tsukushi’s “Made in Abyss,” adapt it into a popular anime television series, and then compress the show into a coherent feature (technically, two movies), but the folks at Sentai Filmworks have done just that. Part one, “Made in Abyss: Journey’s Dawn,” will screen [...]

  • HAF: 'Assassination,' 'Apprenticeship' Named Project Market

    HAF: 'Assassination,' 'Apprenticeship' Named Project Market Winners

    Eighteen prizes were presented on Wednesday afternoon at the closing ceremony of the Hong Kong Asia Film Financing Forum. The project market sits alongside FilMart as part of the Entertainment Expo in Hong Kong. “Wong Tai Sin Assassination” to be directed by Wong Hoi and produced by Derek Kwok Tsz-kin, was named the winner of [...]

  • Contract Placeholder Business WGA ATA Agent

    Writers Guild Makes Concession on Film Financing in Agent Talks

    The Writers Guild of America has made a concession in film financing in its negotiations with Hollywood talent agents — the second in six weeks of talks. WGA West executive director David Young said Wednesday that it had made a “significant move” toward reaching a deal with the Association of Talent Agents for a revamped [...]

  • Noah Centineo He-Man

    Noah Centineo to Play He-Man in 'Masters of the Universe' Reboot

    From a boy (who’s loved) to He-Man. Noah Centineo is in talks to take on the superhero in Sony Pictures and Mattel Films’ “Masters of the Universe.” Brothers Adam and Aaron Nee are directing the reboot. Mattel Films is partnering with Sony on the movie, which is based on Mattel’s beloved toy line that spawned [...]

More From Our Brands

Access exclusive content