Gaga Corporation has closed a deal on its second major film at Toronto, buying Japanese rights to Impact Pictures’ $100m romantic adventure epic Pompeii from Summit Entertainment.
Earlier this week, Gaga bought Venice hit Tinker Tailor Soldier Spy from StudioCanal.
Pompeii, to be directed by Paul WS Anderson and produced by Jeremy Bolt, was one of the hottest selling movies at the Cannes Film Market this year, and should start production next spring. Gaga also holds rights to Anderson’s The Three Musketeers 3D which will open the Tokyo International Film Festival before its Oct 28 opening in Japan.
The Pompeii deal was closed between Gaga chairman Tom Yoda and Summit co-chairman Patrick Wachsberger.
Gaga, which is celebrating its 25th anniversary this year, is on track to hit the targets set after Yoda led a management buyout in 2009 from media and telecoms giant Usen.
Its 2010 hits included Oceans, The Concert and District 9 (co-distributed with Warner Bros), while this year The King’s Speech grossed over $24m and Shanghai has taken over $7m.
“We haven’t missed theatrically so far,” Yoda told Screen this week in Toronto. “We are looking to score single base hits rather than a home run each time out, and are staying on target and budget.”
Among the local films it has scheduled in 2011/12 include Venice prize winner Himizu directed by Sion Sono and Hirokazu Koreeda’s I Wish which had its world premiere in Toronto.
Foreign films on the Gaga slate in addition to the new pickups and Musketeers include The Next Three Days and The Devil’s Double which were acquired in Berlin, The Artist and The Iron Lady which were picked up in Cannes, and Wim Wenders’ Pina.
Gaga releases between 18 to 20 films a year combining local and foreign titles. It was also in Toronto selling Himizu and co-selling I Wish with Wild Bunch. Fandango had taken Himizu for Italy with more deals imminent.