Magnolia Seals 7-Figure U.S. Deal On Gregg Araki’s ‘I Want Your Sex’ With Olivia Wilde & Cooper Hoffman

UPDATE OF EXCLUSIVE: Magnolia Pictures has now closed indeed closed a 7-figure U.S. rights deal for I Want Your Sexwith a big theatrical released planned for later this year. One of the big buzz titles of the recently completed Sundance Film Festival, the Gregg Araki-directed erotically charged drama stars Olivia Wilde and Cooper Hoffman. Deal was made in competition. Deadline called this one earlier.

In the latest from New Queer Cinema pioneer Gregg Araki (Mysterious Skin), Sex tells the story of Elliot (Hoffman), a kind-hearted if unmotivated twentysomething whose fantasies quickly come true when he lands a job with renowned artist and provocateur Erika Tracy (Wilde). When Erika breaks down office boundaries and takes Elliot on as her sexual muse and subordinate, their sexually-charged relationship makes him question his own desires, boundaries, and relationships with his uptight girlfriend (Charli XCX) and repressed roommate (Chase Sui Wonders). As the stakes heighten and power dynamics shift, the film mixes satire, romantic comedy, mystery, and murder through the colorful and edgy visual language for which Araki is best known.

Mason Gooding, Chase Sui Wonders, Johnny Knoxville, Margaret Cho, Roxane Mesquida, Charli XCX and Daveed Diggs round out the cast.

It is the second splashy deal for Wilde, whose directorial outing The Invite sold to A24. She stars in that film with Seth Rogen, Penelope Cruz and Edward Norton.

Magnolia Pictures co-CEOs Eamonn Bowles and Dori Begley called the film “a wild romp that represents all the reasons we love going to the movies. As huge fans of Gregg Araki, we’re thrilled to unleash his widest theatrical release yet and Olivia Wilde and Cooper Hoffman’s insanely great performances on the masses.”

Araki said he was “over the moon and so grateful for the incredible reception at Sundance and Magnolia’s unadulterated passion for I Want Your Sex. This has been a pure labor of love from day one and everyone at Magnolia is as pumped and excited as I am to get the film out there for audiences across the country to enjoy, react to and talk about.”

Black Bear presents in association with Desperate Pictures. A Gregg Araki movie. Directed by Gregg Araki, and written by Karley Sciortino& Araki, I WANT YOUR SEX is produced by Araki, Seth Caplan, Teddy Schwarzman, Michael Heimler, Courtney L. Cunniff, Karley Sciortino. Co-producers are Beau J. Genot, Ezra Venetos, Tom Lee. Executive producers are Joanne Roberts Wiles, John Friedberg, Andrew Golov.

The film was produced and fully financed by Black Bear, which also handled international sales. The deal was negotiated by Magnolia SVP of Acquisitions John Von Thaden and VP of Acquisitions Miranda Hill, with CAA Media Finance on behalf of the filmmaker.

Olivia Wilde is represented by CAA, Untitled, and JSSK.