The streaming giant beats out multiple competitors for a worldwide deal for ‘The Pale Blue Eye’.
Netflix continues to spend big bucks on content, and its latest investment is a $55 million worldwide deal for a Gothic horror thriller 'The Pale Blue Eye' starring Christian Bale.
According to Deadline, the purchase marks a record for a worldwide deal at the European Film Market, with Netflix beating out multiple competitors for the upcoming film.
'The Pale Blue Eye' sees Bale playing a veteran detective investigating a series of murders in 1830 at the U.S. Military Academy at West Point. A young cadet, who will later become a world-famous mystery author – Edgar Allan Poe, helps him in the mission. There is still no casting announcement regarding who will play the famous author yet.
The film will be helmed by 'Black Mass' director Scott Cooper. Cooper has wanted to create this film for more than a decade, and now it's finally happening on Netflix.
'The Pale Blue Eye' will reunite Scott and Bale after working together on 2017's Western film 'Hostiles,' which also starred Rosamund Pike and Jesse Plemons.
Scott and Bale also worked together on the 2015 crime drama 'Out of the Furnace
.''The Pale Blue Eye" is an adaptation of Louis Bayard's novel of the same name. Aside from directing, Cooper is also responsible for the onscreen adaptation as he penned the script for the upcoming flick.
Bale currently has a busy schedule with both an untitled David O Russell movie and Thor: Love And Thunder under production. Production for 'The Pale Blue Eye' is set to begin in the fall after he finishes working on both films.
Netflix has been spending serious money to remain on top of the streaming competition. This isn't Netflix's only recent big acquisition for the past two weeks. The streaming platform recently paid a record $18 million for the US rights to the upcoming Liam Neeson flick, 'The Ice Road,' and pre-bought the Colin Firth-led World War II drama 'Operation Mincemeat' for $15 million.
Netflix continues to top the list of the best streaming service for television shows and movies. The streaming giant is not afraid to invest heavily in its content, making it the favored choice by viewers worldwide.
So far, Netflix is the only known buyer to have gone above $10M during the market. Albeit, several big packages have also been bought by the indie distributors. The European Film Market deal-making is resuming this weekend and into next week.