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Bidding war for "Area 51"
The hottest movie property in Hollywood is being filmed right now in Utah.
The New York Times' Michael Cieply reports on the furious bidding war for "Area 51," a UFO-themed thriller being made for a $5 million budget in Utah. The Times reports that IM Global, the international sales agency that is representing the film, is looking for bids in the $10-million neighborhood — which is a nice neighborhood to be in.
Why does "Area 51" have bidders swarming like UFOs around an unsuspecting redneck? Because its writer-director, Oren Peli (pictured), made "Paranormal Activity," the little thriller made on a shoestring budget ($15,000 initially) and has made $62.5 million so far at the box office.
Very few people are talking on the record about the bidding war for "Area 51." The only on-the-record source Cieply cites about the bidding is a spokeswoman from one studio that isn't in the hunt: Paramount Pictures, the studio now releasing "Paranormal Activity."