Netflix spent big at the most recent virtual European Film Market (EFM). The streaming giant dominated with a worldwide pre-buy of Christian Bale‘s Gothic horror-thriller The Pale Blue Eye for a record $55 million USD. The price is reportedly a global record deal at the EFM and saw Netflix outbid multiple streaming competitors for the project.
The film will see Bale reunite with director Scott Cooper, who wanted to make this project for more than a decade. The plot surrounds a series of murders that took place in the 1830s at the U.S. Military Academy at West Point. Oscar-winner Bale is the protagonist veteran who investigates the murders with the help of a detail-focused cade, who later becomes world-famous auth, Edgar Allan Poe.
This marks the third film Cooper and Bale have worked on together, previously joining forces on Out of the Furnace and Hostiles. The actor is expected to have a series of films slated for release later this year, including Ford v Ferrari and Thor: Love and Thunder.
As for Netflix, the acquisition of The Pale Blue Eye is the third big purchase in the last few weeks, after revealing large deals for Operation Mincemeat and The Ice Road. Netflix is currently the only known buyer that spent above $10 million USD during the EFM. However, there were a number of indie distributors that have made big package deals during the market.
Production on The Pale Blue Eye is expected to start later this year.
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