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Meanwhile, FilmDistrict's horrorific Insidious was produced for only $1 million and also earned millions in international pre-sales. By afternoon, the film had already made back its negative cost many times over.
New distributor FilmDistrict is launching its 2011 slate April 1 with horror-flick Insidious (trailer below), a seven-figure Toronto Fest Midnight Madness pick-up from Sony Worldwide Acquisitions Group that was expected to be a Sony genre label Screen Gems release.
Rob Zombie has committed to make "The Lords of Salem" his next directorial outing. The film has been put together by Haunted Films, the company run by the "Paranormal Activity" team of Jason Blum, Steven Schneider and Oren Peli.
Sony Pictures Worldwide Acquisitions Group is closing a deal for North American distribution rights to Insidious, the James Wan-directed thriller that premiered in the Midnight Madness program Tuesday. Leigh Whannell wrote the script. I'm told it is a 7-figure deal that is still being finalized after a marathon bargaining sessi...