The studio outbid competitors at the Cannes film market — the deal has not yet closed.
According to The Hollywood Reporter, Paramount pulled ahead in the race for the rights to adapt "The Midnight Library," beating Focus and Sony. The studio will handle distribution in North America and several other countries, while StudioCanal will cover parts of Europe, Australia, New Zealand, and South Africa.The deal amount is $36 million — potentially the largest purchase at the 2026 Cannes film market. However, negotiations are still ongoing: the parties are finalizing the territorial distribution of rights. The director will be Garth Davis ("Lion"), with the film's budget at $70 million. Pre-production is scheduled for fall 2026, with filming set for early 2027.Florence Pugh will play Nora Seed — a woman who finds herself in a magical library between life and death, where each book opens a path to a life not lived.
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Paramount will acquire "The Midnight Library" starring Florence Pugh for $36 million
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The studio outbid competitors at the Cannes film market — the deal has not yet closed.