Miramax International has made its first German sale in two years,clinching a deal on Terry Gilliam's TheBrothers Grimm with Concorde Film.
The company is selling all territories on the film,budgeted in the $80m region, including those territories in which ittraditionally handles its own pictures such as Germany, UK, France, Spain,Australia and Italy.
Miramax stopped selling to its German buyers like Highlight,Concorde and Constantin in 2002 after the territory was unable to sustain pricelevels. Miramax subsequently set up its own German marketing operation andteamed with BVI to handle physical distribution on pictures such as
"We don't want to shoulder the entire budget," said Miramax COORick Sands, "so instead of co-financing with MGM [which did not take up itsoption to co-finance the film], we are sharing the cost with the independents."
Other deals closed this week on the film, which is arguably thebiggest at the market, include RCV in Benelux and Videocine in Latin America.
TheBrothers Grimm is set to open through Dimension in Nov, partof a busy Oct to Dec schedule for Miramax which also includes