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IN TORONTO | Two Deals are Better Than One?

IN TORONTO | Two Deals are Better Than One?

There haven’t been many deals to talk about just yet in Toronto, so everyone here is buzzing about one deal that seems to have gone awry. The public announcement by two different companies that each had separately acquired Jason Reitman‘s “Thank You For Smoking” is as unprecented as the 2000 presidential election in which two candidates declared that they were the winner.

Searchlight has remained quiet on the matter, releasing its acquisition announcement on Sunday and then standing by it, and then yesterday putting out a statement by the film’s producer David O. Sacks. Meanwhile, Paramount continues to publicly cry foul, claiming that it had a deal first.

Today’s indieWIRE report on the situation tries to wade through the considerable buzz and speculation about the intriguing matter. Seriously, everyone here is talking about it.

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