Sources put the value of the deal at about $3m. The film has been the subject of one of the hottest bidding battles of Cannes this year.
Before the market has even begun, Pathe Pictures International had reported a roaring tradeon the title.
They included Italy (Bim), Japan (Asmik Ace), Taiwan (CMC), Poland (Best Film), Israel (Lev Cinemas), Portugal (LNK), and Latin-America (Europa).
The French-language film is adapted from Jean-Dominique Bauby's memoir of the same name, about his experience with an active, intelligent mind but a paralysed body after a stroke. Mathieu Almaric plays Bauby.
Michael Luisi, an EVP at Miramax negotiated the deal with Cameron McCracken from Pathe UK and CAA, representing Schnabel.
The project was produced by Kathleen Kennedy and Jon Kilik.