Black Dynamite Explodes Overnight with Sony Pictures Worldwide Acquisitions Group for a Cool $2 million
By Gregg Goldstein
In a rare Sundance buy from a major studio, Sony Pictures Worldwide Acquisitions Group picked up all North American rights to Black Dynamite for a cool $2 million.
The blaxploitation satire screened at a Library Midnight screening late Sunday, garnering late-night bidding before closing near dawn. Endeavor Independent reps stayed up all night at their Park City condo finishing the deal for the filmmakers.
Should the Scott Sanders-helmed spoof take off, a source in the deal says Sony is expected to create a franchise with the project. Co-screenwriter Michael Jai White, Tommy Davidson, Salli Richardson-Whitfield and Arsenio Hall star.
It was the second major deal of the weekend for SPWAG, which will handle ancillary distribution with Senator Distribution for the under-$5 million sale of Antoine Fuqua's cop drama Brooklyn's Finest. The Sony division paid a record $11.5 million for We Own The Night in Cannes in 2007.
