Sundance: 'Arbitrage' sells for more than $2 million

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Image Credit: Myles Aronowitz

Arbitrage, the Wall Street thriller starring Richard Gere as a Madoff-like financial schemer, has been purchased by Lionsgate and Roadside Attractions for north of $2 million at Sundance. At last year’s festival, the two companies picked up Margin Call, another Wall Street drama, and successfully released the film in theaters and Video-On-Demand. Arbitrage will likely receive a similar day-and-date parallel release.

First-time feature director Nicholas Jarecki’s movie co-stars Tim Roth, Susan Sarandon, and Brit Marling, but it’s Gere’s performance as a desperate billionaire whose empire is crumbling that has garnered the most acclaim. “I am overjoyed to be working with Roadside and Lionsgate and their pioneering teams,” said Jarecki, in a statement. “From the first day of this film I’ve felt an invisible hand guiding our luck forward; it was the collective dedication of our actors, crew, and now our new releasing partners. I can’t wait for people to see Richard and the cast’s beautiful, hauntingly electric work on-screen.”

Read more:
Richard Gere on ‘Arbitrage’
Sundance 2012: Owen Gleiberman on the festival — VIDEO

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