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sequel sells to STX in massive $75 million deal

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Greenland, Greenland: migration, stx, gerard butler, cannes

The GREENLAND sequel, Greenland: Migration has just sold in the biggest deal to occur at this year’s Cannes virtual market. The disaster movie sequel sold to STX in a massive $75 million deal.

Domestic rights for the film were bought for $25 million while STX will also take all international rights from Anton in a pact that hits around $50 million. Apparently, multiple streamers were trying to snag the sequel and STX made sure to be first in line for it. STX distributed the original movie and they had a matching option to grab the sequel. 

The filmmaking teams behind the original film are set to return, including the director Ric Roman Waugh as well as screenwriter Chris Sparling. Gerard Butler and his co-star, Morena Baccarin, will also return as John and Allison Garrity. In the sequel, the Garrity family, who survive a near-extinction level event when an interstellar comet hits the Earth, must leave the safety of the Greenland bunker and embark on a perilous journey across the decimated frozen wasteland of Europe to find a new home.

Greenland debuted last summer and, despite having to deal with a box office that was seriously impacted by the pandemic, the film did pretty good business. The film opened at No.1 in more than 26 offshore markets and ultimately grossed $52.3 million worldwide on a $35 million budget. The film eventually debuted digitally on SVOD followed by an exclusive run in the U.S. on HBO Max, where it also found success.

Are YOU excited for the Greenland sequel? Greenland: Migration is expected to start shooting in 2022.

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