EXCLUSIVE: In a heated bidding battle for a dish that would seem best served cold, Apple Studios prevailed in a 3-streamer auction and will pay $1.6 million against around $3 million for Foster the Snowman. It’s an exceptionally large deal for a holiday pitch by Jono Matt & Peter Huyck for a high concept family film that bidders hope has the makings of a holiday perennial movie in the vein of Elf, Home Alone and It’s A Wonderful Life.
Apple won the deal over rival streamers Netflix and Amazon MGM, after the writers pitched to 12 places over four days, with different elements attached around town. I’ve heard that at least one of the rival streamers might have bid higher on the upfront end, but Apple had an advantage: Huyck is EP of the streamer’s hot Hollywood insider sitcom The Studio, and also producer Kevin Walsh’s The Walsh Company
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