Filed in Max News Teen Spirit

Toronto Wrap: Music-Themed Acquisitions Kept Market Humming

As the Toronto International Film Festival market wrapped on Sunday, movies about singers dominated an otherwise anemic slate of sales. First up was Max Minghella’s feature directorial debut, Teen Spirit, which fetched $8 million ($3 million upfront and a $5 million prints-and-advertising commitment, a whopping figure for a first-time helmer and the high-water mark of the market for a finished film). Mickey Liddell’s LD Entertainment bought the film, which features Elle Fanning doing her own singing, and will partner with a distributor at a later date — an increasingly common scenario at markets (MRC also didn’t have a distributor in place when it made a $40 million commitment for worldwide rights to the Daniel Craig-Rian Johnson package Knives Out).