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Ryan Reynolds is Buried, Lionsgate Pays Ransom

Three days in to the Sundance Film Festival, the first major studio deal has been struck by Lionsgate for the distribution rights to Rodrigo Cortes’ thriller Buried, the Ryan-Reynolds-in-a-box movie for an $3.2 million.

In the film directed by Cortes, Ryan Reynolds (X-men: Origins, Blade: Trinity and  soon to play Green Lantern) plays a civilian contractor in Iraq who survives a roadside bombing, only to wake up in a coffin, buried underground.  With only his cell phone and a lighter his captors have given him, he has to raise the $5 million ransom for his release before he runs out of oxygen.

The film has garnered a lot of buzz since it’s Sundance premiere on Saturday night.  Fans of the film have lit up Twitter with raves for the film.  The film was subject to a sale frenzy with Lionsgate coming out victorious.  The studio has had previous good fortune with past Sundance titles including “Saw”, “Open Water” and “Precious”.

“Buried is one of the tightest, most intense thrillers we’ve ever seen,” says Jason Constantine, President of Lionsgate’s acquisitions. “It’s a powerful reminder that all you really need for an unforgettable movie experience is a great story, inventive filmmaking and brilliant acting.”

No release date is planned yet, but will probably be sometime in 2010.

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