March 5, 2009

Details on a Matt Damon sci-fi romance involving one of the Bourne writers

Here are the details, from Variety:


While Universal Pictures waits for the next “Bourne Identity” installment, the studio has stepped up to secure Matt Damon’s next film.
Universal is finalizing a deal with Media Rights Capital for “The Adjustment Bureau,” a contemporary love story with sci-fi overtones that was written and will be directed by George Nolfi.
Nolfi will produce with Chris Moore and Michael Hackett. Production will begin in September.
Nolfi, who scripted “The Bourne Ultimatum,” is also writing the next Jason Bourne vehicle for Damon and director Paul Greengrass.
In “The Adjustment Bureau,” Damon will play David Norris, a charismatic congressman who seems destined for national political stardom. He meets a beautiful ballet dancer named Elise Sellas, only to find strange circumstances keeping their sparks from catching fire. Norris discovers forces are at work to keep them apart, and he peels the layers to find out why. The action takes place all over Manhattan.
Damon will star in “The Adjustment Bureau” after he completes playing a South African rugby team captain in “The Human Factor,” the Warner Bros. drama that is being directed by Clint Eastwood and stars Morgan Freeman as Nelson Mandela.
Along with the Adam McKay-directed “The B Team,” starring Will Ferrell and Mark Wahlberg, “The Adjustment Bureau” was shopped to studios last week at a most opportunistic time. Box office is booming in 2009, but because of the writer’s strike and de facto actor’s strike that sidelined studios for the last half year, studios badly need product for 2010 and 2011 pipelines. In different ways, each project challenged the current mode of fiscal conservatism at studios.
The Ferrell project, with a budget higher than McKay’s last two films, and 25% gross outlay, was last week acquired by Columbia Pictures, a studio gambling that an action comedy and Ferrell and Wahlberg will find an audience beyond the U.S.
“The Adjustment Bureau” came with premiums that made studio chiefs think hard. The original offer sheet required a studio to commit to a budget near $62 million, with Damon realizing a 20% first dollar gross backend. The studio puts up P&A, and gets worldwide distribution rights.
That seems reasonable for a big-scale PG-13 Damon vehicle with a premise that mixes action, romance and science fiction. But Universal is essentially licensing the film for a term that will run about 20 years.
While Sony will own “The B Team” in perpetuity, Universal will ultimately relinquish the copyright of “The Adjustment Bureau” back to MRC, which shares the ownership equity with the film’s talent. Universal keeps distribution rights in perpetuity and has safeguards that can extend the license until the studio at least makes back its investment and P&A outlay.
Universal made a similar deal with MRC on the Sacha Baron Cohen-starrer “Bruno,” when the studio paid $42.5 million to license the English-speaking distribution territorial rights to the Larry Charles-directed comedy, which the studio will release July 10. Ownership of that negative will eventually revert back to MRC.
Sources said that Universal changed the terms from MRC’s original ask in several areas. One of them was the original call for Nolfi to get final cut, which is rare for a first time director. In the deal, Universal executives will have creative input in the film, though Nolfi has some editorial protections that he’ll be able to make the film that is laid out in his 129 page script.
-Sci-fi romance...sounds cool. In fact, the entire plot sounds fascinating...thoughts?

3 comments: