Sony Pictures Worldwide Acquistions Group has paid what is believed to be in the region of $2m for all North American rights to Scott Sanders' blaxploitation homage Black Dynamite.

The division and Black Dynamite's sales agent Endeavor Independent finally closed the festival's first all-night negotiation at about 6am today [January 19] following yesterday's world premiere.

Sony Pictures Worldwide Acquistions Group plans to release the action comedy starring Michael Jai White later this year and is believed to be eyeing a franchise.

Sony Pictures Worldwide Acquisitions Group president Steve Bersch, general manager Adrian Alperovich and vice president Scott Shooman brokered the deal with Endeavor Independent chief Graham Taylor.

Meanwhile a deal was believed to be imminent on David Mackenzie's Spread starring Ashton Kutcher, while buyers continued to circle Shena Feste's The Greatest and Lone Scherfig's An Education, both of which star British breakout Carey Mulligan, Deals are expected soon.

Also in play are Lynn Shelton's Humpday, Tommy Wirkola's Norwegian Nazi zombie film Dead Snow, Bob Goldthwait's World's Greatest Dad with Robin Williams and R J Cutler's documentary The September Issue.