The highly anticipated Nate Parker film, The Birth of a Nation, has found a home. Fox Searchlight dropped a record-breaking bid at the Sundance Film Festival Monday (Jan. 25), beating out distribution giants like Netflix.
According to the Hollywood Reporter :
Worldwide rights to slave rebellion drama The Birth of a Nation which premiered Monday afternoon in Park City to multiple standing ovations, have been picked up by Fox Searchlight at the Sundance Film Festival for $17.5 million,The Hollywood Reporter confirmed.
Searchlight beat escalating bids from Weinstein Co., Netflix (which insisted on a day-and-date theatrical and streaming debut), Paramount and other suitors. Several films have reached $10 million at the festival, including Manchester by the Sea (bought by Amazon earlier this week) and The Way, Way Back (by Searchlight in 2013).
Written, directed, and starring Parker, The Birth of a Nation, chronicles the 1831 slave revolt, led by Nat Turner. The film premiered at Sundance to rave reviews.