Sony Pictures buys "Black Dynamite!!!"

That's right!!! Sony's independent arm purchased "Black Dynamite" for an estimated $2 million dollars this morning at the Sundance Film Festival. Goggle it, and you'll see how many hits you get about the news. Get ready folks! Black Dynamite is on it's way to a theater near you. Let's hype this mother-fucker up even more before this thing drops. Peace!

Courtesy of The Hollywood Reporter: "PARK CITY -- For a brief moment Monday, it looked like the sales action was picking up at the Sundance Film Festival. Then the moment passed.

The day broke with a big sale to Sony Pictures Worldwide Acquisitions Group of the blaxploitation movie "Black Dynamite." At about 6 a.m. local time, Endeavor reps and execs from the Steven Bersch division concluded an all-night negotiation that began when the film finished screening at about 1 a.m.

Sony agreed to pay about $2 million and made a strong marketing commitment for all North American rights to the violent and campy 1970s tale.

Actors in the Scott Sanders pic are signed for a sequel, and Sony hopes its summer or fall release will be the start of a franchise along the lines of the "Friday" or "Austin Powers" properties.

The sale was a coup for optimists hopeful that this would kick-start a big day of sales Monday. But that didn't materialize, as other gestating deals failed to come together by evening and the specialty divisions clearly were holding their fire.

Upstart distributors, however, have been active so far at the festival.

After Senator, which in association with Sony snapped up "Brooklyn's Finest" on Saturday, Summit began making moves: The Patrick Wachsberger-Rob Friedman distributor apparently is in the pole position to pick up the Ashton Kutcher dramedy "Spread" as well as a leading candidate for the oddball Jim Carrey-Ewan McGregor prison love story "I Love You Phillip Morris." Overture Films is in the running for several pics that also had Sunday screenings."