Paramount Pictures back in the indie biz with “Romantics”?

By Hollywood News Staff Is Paramount Pictures getting back into the indie business?

Soon after handling “There Will Be Blood,” a film which the studio’s classic label co-produced with Miramax, the Melrose Lot unplugged its Paramount Classic and Vantage labels in 2008.

Apparently, in propelling “Blood” to the Oscars and nabbing a win for thespian Daniel Day Lewis, the studio shelled out a notorious $70 million for a film that cost $25 million and grossed $40 million stateside – enough to reason for the Paramount suits to deep six any future involvement in the indie business.

Enter Paramount Famous Productions – a direct-to-video label at the studio, whose titles your also apt to find on VOD or in your hotel room.

Screen International reports that Paramount Famous has made its first acquisition of Galt Niederhoffer’s Sundance premiere “The Romantics” – an all-star film with Katie Holmes, Josh Duhamel, Anna Paquin, Malin Akerman, Adam Brody and Dianna Agron, with Candice Bergen and Elijah Wood in a plot that smells like “The Big Chill.”

Exact storyline revolves around a group of close college friends who reunite for a couple of weddings. Paramount Famous bought U.S. and Canadian rights. Cinetic Media’s John Sloss brokered the deal.

“We are thrilled to be in business with the talented team at Plum Pictures and their partners,” Paramount Famous Productions president Louis Feola said in a statement. “We have been tracking several of Plum’s projects and The Romantics is a great way to start.”


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