Wednesday, April 02, 2008

Hollywood's buying frenzy

From Jay A. Fernandez for The L.A. Times:
For a while there, the spec market was starting to look as undernourished as your average Hollywood starlet. Well, the industry's body of original work seems to be upping the carbs. When Sony picked up Roland Emmerich and Harald Kloser's apocalyptic "2012" right after the Writers Guild strike ended in February, it was a good, but unsurprising, sign.

But when 27-year-old unknown Brad Ingelsby recently sold his revenge thriller "The Low Dweller" to Relativity Media for $650,000 against $1.1 million (if it is produced), it announced in flashing neon that Hollywood buyers were still very interested in spending big money on original material.

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