STX Acquires Global Rights to Greenland 2 in $75 Million Deal

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STX Acquires Global Rights to Greenland 2 in $75 Million Deal

Following a competitive bidding war against multiple studios, STXfilms has successfully won the worldwide rights to Ric Roman Waugh’s forthcoming disaster action sequel Greenland: Migration from Anton, who fully financed the production of the film. According to Deadline, the acquisition deal reportedly cost STXfilms around $25 million for its domestic rights and another $50 million for its international distribution, making it the biggest sale at this year’s Cannes virtual market. Production is expected to begin next year.

“Gerry, Morena, Ric, Basil, and Alan were fantastic partners on the first film and we look forward to building on the success and momentum as we work together with Anton to deliver another effects-based spectacle driven by great characters and performances. What comes next for the Garrity Family is even more thrilling,” Chairman of STX’s Motion Picture Group, Adam Fogelson said in a statement.

Anton’s CEO, Sebastien Raybaud added, “STX and their partners did an incredible job of launching the film worldwide last year and we are thrilled the sequel will return “home” for the exciting next chapter of this must-see adventure.”

Greenland: Migration will once again be led by Gerard Butler and Morena Baccarin as they reprise their roles as John and Allison Garrity. The sequel will continue to follow the story of the Garrity family, who survive a near-extinction level event when an interstellar comet hits the earth, who 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.

The sequel will be directed by Ric Roman Waugh from a screenplay written by returning scribe Chris Sparling. It will be produced by Butler and Alan Siegel through their G-BASE banner along with Thunder Road’s Basil Iwanyk and Brendon Boyea. Anton will finance the film and will have control over all rights, with Anton’s Sebastien Raybaud and John Zois set as producers.

Greenland was a commercial and critical hit for STXfilms and its partners worldwide. The harrowing adventure of the Garrity family and their epic fight to survive a near extinction-level event opened #1 in 29 international markets, taking in $53.5 million theatrically overseas, one of the strongest performances for a title released globally during that time. Domestically, the film was sold to HBO Max and was also a long-running PVOD success.