Distinctive: Netflix is nearing a deal to acquire around the world legal rights to Passing, the Rebecca Hall-directed and -scripted drama that stars Tessa Thompson, Ruth Negga, Andre Holland and Alexander Skarsgard. Resources explained the deal will land at around a $15.75 million.
The drama is about two African-American women of all ages who can “pass” as white, and who choose to stay on opposite sides of the color line in 1929 New York. The drama is a powerful exploration of racial and gender id, general performance, obsession and repression. Passing competed in the U.S. Drama Competitiveness at the Sundance Film Competition.
Together with CODA, it was the most eagerly awaited acquisition title to strike Sundance, and with this offer, it does not disappoint. The movie is a real statement of feminine empowerment, with Hall earning her helming debut on the Nella Larsen novella, and Thompson and Negga turning in powerhouse performances. Netflix competed in a discipline of 5 bidders, and will do one of its top rated-shelf awards streaming releases with a theatrical distribution component.
Pic is produced by Forest Whitaker, Nina Yang Bongiovi and Margot Hand. Film4 is co-financier. Daniel Battsek, Ollie Madden, Lauren Dim, Joseph Restaino, Dori Rath, Oren Moverman, Angela Robinson, Erika Hampson, Michael Y Chow, Kevin A Lin, Brenda Robinson, Chaz Ebert, Yvonne Huff, Christopher Liu, Arcadiy Golubovich, David Gendron, and Ali Jazayeri are the exec producers.
The deal was brokered by Endeavor Content material.
That can make two blockbuster offers at Sundance, right after Apple obtained CODA for $25 million. There will be several revenue subsequent the stop of this virtual Sundance festival, but these were being envisioned to be the big kinds at a market with Covid adversity. Mission accomplished.