A24 and Focus Features are locked in a heated bidding war for Olivia Wilde‘s new movie “The Invite,” which debuted to raves at this year’s Sundance Film Festival.
After Saturday night’s premiere at Park City’s Eccles Theater, several buyers including Neon, Netflix, Apple, Searchlight and new distributor Black Bear were interested in acquiring the film. However those companies backed out as offers started to heat up and eclipse $10 million, and it became clear that Wilde wanted a traditional theatrical release. Right now the offer is north of $12 million, according to sources familiar with the negotiations.
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