California Lands Princely Sum

As the Sundance Film Festival draws to a close, so does the buying frenzy which dominated the trade papers for most of the early part of this week.

On Thursday First Look acquired Michael Douglas-starrer “King of California” for $3 million. A bidding war over Jake Paltrow’s debut feature “A Good Night” is also expected shortly.

Opening night documentary “Chicago 10” and controversial Dakota Fanning starrer “Hounddog” still have yet to find buyers.