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IFC and Weinsteins Get “Penelope”

IFC and Weinsteins Get "Penelope"

Mark Palansky‘s “Penelope,” a Toronto International Film Festival debut last month, has been jointly acquired by IFC Films and The Weinstein Company, in a deal for North American rights. IFC will lead theatrical distribution with TWC handling home video and TV, according to the annonucement. Starring Christina Ricci (with Reese Witherspoon, James McAvoy, Catherine O’Hara and Peter Dinklage) and written by Leslie Caveny, the film is described as “A modern-day fairy tale about love and self-acceptance.” It was developed and produced by Type A Films, produced and financed by Stone Village Pictures and financed by Grosvenor Park. Producers include Witherspoon, Jennifer Simpson and Scott Steindorff. IFC Entertainment president Jonathan Sehring and Michelle Krumm, EVP of acquisitions and co-productions TWC negotiated with Andrew Molasky and Scott Steindorff on behalf of Stone Village Entertainment. ICM handled North American sales, representing the producers, while Hyde Park is handling international distirbution. The film is further described as the story of a young woman, “born into a wealthy society family and afflicted by a secret curse that can only be broken when she is loved by one of her own kind.” [Eugene Hernandez]

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