By Peter Knegt | Indiewire January 19, 2009 at 4:32AM
Hours after the film's debut last night, the North American rights to Scott Sanders' "Black Dynamite," an homage to the blaxpolitation films starring Michael Jai White, was sold to Sony Worldwide Acquisitions Group for $2 million. While the deal has yet to be announced, insiders said that the pact closed in the wee hours of Monday morning here in Park City. The film debuted on Sunday night at 11:30 p.m. and the deal with Sony Worldwide Acquisitions Group was negotiated at the Endeavor Independent condo where Graham Taylor, Alexis Garcia, Mark Ankner and Liesl Copland negotiated the pact repping the filmmakers.
The film will be released theatrically later this year. Sony has made a high seven figure release commitment.
This is expected to pave the way for the potential sales of other films, with a few deals set to go down within the next day or so. Word is Bobcat Goldthwait's "World's Greatest Dad" could sell today, as could Lynn Shelton's "Humpday." Lee Daniels' "Push" is looking to sell strong, while Sophie Barthes' "Cold Souls" and Adam Bhala Lough's "The Carter" are both likely to sell before the festival's out as well.