EXCLUSIVE: Laika‘s live action division has won the bidding war for Emily St. John Mandel‘s upcoming novel, Exit Party, we understand, and Emma Stone and Dave McCary’s Fruit Tree has also boarded as EP.
We understand that the deal’s sale was in the low seven-figures.
The live-action arm of the stop-motion studio has been operating for the last three years, developing feature projects. Exit Party will serve as their first live-action TV project under the division’s President, Matt Levin, who is a Netflix vet.
Deadline told you first that there was an auction for the IP back in October among eight to ten studios and streamers. Toward the end, this boiled down to five. Mandel, we hear, was drawn to Laika given their drive for the project, the studio speaking to the author and her reps on a frequent basis. I hear that Laika structured a strategic
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