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A24’s Elden Ring Reported at $175–$200M as Amazon MGM Secures Key International Rights

A reported pre-empt by Amazon MGM removes major international pay-1 rights from the market and shifts how buyers must approach A24’s biggest-ever film sale.

Overview

  • Multiple outlets on Tuesday reported the live-action Elden Ring adaptation is being pegged at approximately $175 million to $200 million, making it the largest standalone title offered at a film market.
  • Sources said Amazon MGM has pre-empted a large portion of international pay-1 streaming rights in a deal described as worth tens of millions of dollars, which reduces the all-rights packages available to other buyers.
  • A24 fully financed the production and is seeking at least one studio partner to share the financial risk of the high budget while tightly controlling early script access for potential buyers.
  • The film, written and directed by Alex Garland, wrapped principal photography over the summer and is in extended post-production with Industrial Light & Magic handling visual effects and an IMAX finish planned for a March 3, 2028 theatrical release.
  • The project adapts the hit game created by FromSoftware with worldbuilding by George R. R. Martin, carries strong franchise potential if it performs well, and marks a strategic shift as A24 moves into tentpole-scale filmmaking with higher commercial risk and reward.