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Takeaways from The Birth of a Nation Deal with Fox Searchlight at Sundance

The purchase of The Birth of a Nation by Fox Searchlight is the largest purchase in the history of the Sundance Film Festival.  After standing ovations after the period piece’s viewing, the Oscar buzz for the film garnered a bit of a bidding war.  Nate Parker, the writer/director/star of the film rejected a $20 million offer from Netflix and accepted a $17.5 million offer from Fox Searchlight a more independent distribution branch of 20th Century Fox.  There are three points of note from this purchase: