TWC was the final bidder in negotiations with sellers Exclusive Media and Likely Story that were concluding on Sunday morning following the world premiere at the Toronto Film Festival, which sparked strong buyer interest. CAA and UTA have been co-representing the U.S. rights while WME and Exclusive Media are handling international territories.
Keira Knightley as an undiscovered singer and Mark Ruffalo as a producer, sparked an auction between TWC and Lionsgate with sellers asking for a $7 million minimum guarantee for the U.S. rights.
Catherine Keener also stars along with recording artists Mos Def, CeeLo Green, and Maroon 5′s Adam Levine. The film marks Irish director Carney's return to the music arena after 2006's "Once."
Producers are Anthony Bregman of Likely Story and Tobin Armbrust of Exclusive Media.
The transaction is the second major deal at Toronto this weekend, following Saturday's acquisition of Jason Bateman's black comedy "Bad Words" by Focus Features.
The Deadline.com site first reported that TWC had entered exclusive negotiations for "Can a Song Save Your Life?"
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