While I am not convinced a reboot of Kathryn Bigelow’s classic Point Break is needed, it seems that film distributors at AFM feel differently. The Hollywood Reporter is saying that the reboot, which will be directed by Ericson Core (Invincible), has become the biggest success story of the American Film Market.
Set to be released by Warners in the US sometime in 2015 (Easter is looking likely) on behalf on Alcon, Lionsgate Motion Picture Group co-chairman Patrick Wachsberger sold the film for worldwide distribution yesterday. For an independent film with no cast attached, and a director who has only made one other film, Point Break was frantically fought over as distributors rushed to outbid each other, and this sort of story is almost unheard of in today’s current uncertain climate of making movies.
While Core only has one film to his name, it is said that he really knows how to deliver crowd pleasing visuals (he was also cinematographer on the firsr Fast & Furious film), and his pitch reel for Point Break apparently blew distributors away.
“Buyers were sold on the high concept of the film,” Wachsberger tells The Hollywood Reporter. “This is going to be a much larger scale film than the first one.”
Alcon, coming of the box office success of Prisoners, is fully financing the ambitious project. Lionsgate is handling the film internationally.
Point Break’s budget is expected to be between $90-$110 million, and while no official synopsis has been revealed, some of what we can expect from the new film has been revealed. Both Johnny Utah (played by Keanu Reeves in the original) and Bodhi (played by the late Patrick Swayze) will be back in the reboot, but this time the sport involved will not just be surfing. The reboot will feature numerous extreme sports, from wingsuiting, snowboarding, rock climbing and motorcycle racing. Giving the project street cred are extreme sport stars including professional skydiver and BASE jumper Jeb Corliss and legendary American rock climber Chris Sharma, who will act as consultants on Point Break.
In the reboot, again Utah will infiltrate Bodhi’s gang of bank robbers and extreme sports fans, but instead of keeping the action just in California like the first film, the reboot will go global. Location shooting planned in Germany, Austria, Switzerland, Italy, China and Malta.
“This will be much more like a James Bond film,” Core told buyers in the AFM pitch reel, giving an idea of the planned scale of the movie.
“It is probably the best high-concept film out there,” said Markus Zimmer, acquisitions head for Germany’s Concorde, which is thought to have paid several million for the German rights to the picture.
Kurt Wimmer (Total Recall) has penned the script to Point Break, which Oscar-nominated The Blind Side producers Broderick Johnson and Andrew Kosove are producing for Alcon together with John Baldecchi (The Mexican), Wimmer and Christopher W. Taylor.
Robert L. Levy, Peter Abrams and John McMurrick are executive producing. Principle photography is set to start in March 2014.