Francis Ford Coppola’s highly anticipated film “Megalopolis” is making headlines as it gears up for its premiere at the prestigious Cannes Film Festival. Despite its high budget, the film is on the verge of being sold to a French distributor, Le Pacte.
Negotiations are currently underway, but there are concerns about whether the distributor will be willing to commit to the necessary marketing and distribution expenses. Coppola’s lawyer has been reaching out to studios and streamers in hopes of securing a lucrative deal, but so far, no major studio has stepped up to the plate.
One of the main sticking points in negotiations has been the film’s producers seeking a significant share of revenues, even for the French market. This has turned off potential buyers, making it crucial for the film to secure a deal with a French distributor to comply with Cannes’ rule requiring films in competition to have local theatrical distribution.
The Cannes rule was implemented in response to the controversy surrounding Netflix films in competition in 2017, and as a result, it is unlikely that Netflix will purchase “Megalopolis” since they do not release movies in French theaters. However, there is still hope that companies like Amazon or Apple may step in as potential buyers for the film.
Coppola, alongside other iconic filmmakers such as George Miller and George Lucas, is expected to attend the Cannes Film Festival, adding even more buzz and excitement to the highly anticipated premiere of “Megalopolis.” Stay tuned for updates on this groundbreaking film as negotiations continue to unfold.
