Paramount Secures 'The Midnight Library' Rights
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- Paramount Pictures secured North American and select international distribution rights to 'The Midnight Library' after a Cannes market bidding war.
- Florence Pugh will star as Nora Seed and also serve as producer.
- Garth Davis is set to direct the adaptation.
- Studiocanal will distribute the film in the U.K., France, Germany, Italy, Poland, Benelux, Australia, New Zealand and partner territories, while Paramount handles other markets.
- Paramount's acquisition price is reported to exceed $30 million, with the film’s budget around $70 million.
Why it matters: Paramount gains a blockbuster‑scale literary franchise for its 2027 slate, while Studiocanal secures European distribution, and investors see a $70 million production backed by a deal exceeding $30 million, promising strong box‑office returns.
