‘Tomb Raider’ Bidding War Erupts as MGM Loses Movie Rights (Exclusive)

‘Tomb Raider’ Bidding War Erupts as MGM Loses Movie Rights (Exclusive)

MGM has lost the film rights to “Tomb Raider” based on the popular video game, starting a bidding war for the IP, TheWrap has learned exclusively.

MGM had time to flag off the “Tomb Raider” sequel by May this year, and the window has passed. According to several insiders familiar with the project, several Hollywood film studios are in the mix and bids have been made.

Alicia Vikander, who starred as Lara Croft in 2018’s “Tomb Raider,” is no longer associated with the project. Insiders said that it is a complete reboot and has no casting or director commitments. The rights were returned to the game company, then the game company and Graham King’s GK Films struck a deal to replicate the IP.

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The 2018 “Tomb Raider” grossed approximately $275 million at the global box office. The film is based on the popular video game series starring the thriller Lara Croft, and the games were initially adapted into a blockbuster pair of films in 2001 and 2003, starring Angelina Jolie, which grossed $432 million worldwide. had earned.

“Lovecraft Country” showrunner Misha Green was added to write and direct at one point in the sequel to the 2018 “Tomb Raider” film, but split.

Producer Graham King and his GK Films banner acquired the “Tomb Raider” rights from Square Enix in 2011, and are considering offers.

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Back in May, Embraer acquired all related IP from “Tomb Raider” game developer Crystal Dynamics and Square Enix in a $300 million deal. In the company’s fourth-quarter and full-year financial reports, Embraer CEO Lars Wingfors said that he is “great” for “Tomb Raider” not only in sequels, but also in remakes, remasters, spinoffs as well as transmedia projects. capability”.

MGM declined to comment.

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