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Paramount Secures The Midnight Library for About $36 Million

The Cannes-market sale gives Paramount North American and most global rights and clears the way for the film to enter pre‑production this fall.

Overview

  • Paramount won the rights in a bidding contest at the Cannes film market that industry outlets reported Friday for roughly $36 million.
  • Florence Pugh is attached to star as Nora Seed and to produce, with Garth Davis set to direct and Blueprint Pictures and StudioCanal backing the project.
  • StudioCanal will retain theatrical rights in core territories including the U.K., France and Germany while Paramount will handle distribution in the remaining markets, but sources say the precise territory split is still being finalized.
  • The film adapts Matt Haig’s bestselling novel, giving it a large built‑in audience and prompting one of the biggest sales out of the 2026 Cannes market.
  • The production is slated to move into pre‑production this fall with principal photography expected after that, and the Cannes deal is likely to shape financing and international release plans.