Following “weeks of haggling” since the Cannes Film Festival, Variety reports that Amazon Studios has acquired “Elvis & Nixon.” The film will debut in theaters only, with a rollout to be handled by another newly launched distribution arm, former Focus head Andrew Karpen’s Bleecker Street.
With a reported pricetag of over $3 million, the film courted a handful of buyers including Lionsgate based on early market footage alone. The film tells the story of a storied meeting between Elvis Presley (Michael Shannon) and Richard Nixon (Kevin Spacey) in December 1970 at the White House. (You will note that Netflix bankrolled producer-star Spacey’s series “House of Cards.”)
Directed by Liza Johnson, “Elvis & Nixon” arrives as one of Amazon Studios’ biggest deals yet. Amazon production chief Ted Hope and movie distribution and marketing head Bob Berney have already lined up deals with Jim Jarmusch for a still-under-wraps project, and with Terry Gilliam for his long-gestating “The Man Who Killed Don Quixote.”
Meanwhile, Amazon Studios continues to juggle its busy, two-and-a-half year-old TV slate, with “Transparent,” “Mozart in the Jungle,” “Bosch” and reluctant recruit Woody Allen’s upcoming series among the buzziest titles.