Studios aggressive with buys at Cannes market

May 25, 2007 A wave of aggressive acquisition activities from various studios, led by divisions at Sony, Universal, Paramount and Disney, rolled across this year's Festival de Cannes titles and Marche du Film projects as players from the overseas indie financing world frolicked in its wake. Big multiterritory deals struck by divisions such as Universal Pictures International, a slew of deals struck by Sony's units and a visible hunger at Paramount paid lip service to market opinion that the pool of desirable product was deep this year. Summit, which landed on the Croisette with one of the most sought-after slates it has ever presented, found itself trumpeting its own $100 million-plus sales success.

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