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Richard Linklater's movie 'Hit Man,' with Glen Powell, sells to Netflix for $20M

NEW YORK (AP) 鈥 The Toronto International Film Festival may be over but it's biggest sale has just gone through. Netflix has acquired Richard Linklater's 鈥淗it Man,鈥 starring Glen Powell, for $20 million.
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Richard Linklater poses for a portrait to promote the film "Hit Man" during the Toronto International Film Festival, Sunday, Sept. 10, 2023, in Toronto. (Photo by Joel C Ryan/Invision/AP)

NEW YORK (AP) 鈥 The may be over but it's biggest sale has just gone through. Netflix has acquired starring Glen Powell, for $20 million.

鈥淗it Man,鈥 which Linklater and Powell co-wrote, stars the 鈥淭op Gun: Maverick鈥 actor as a New Orleans psychology professor who also works undercover posing as a hit man for the police in sting operations to catch would-be murders. The film, a comic, existential riff on the hit-man genre, was one of the breakout hits of TIFF,

Netflix didn't announce release plans yet for 鈥淗it Man,鈥 which also played at the Venice Film Festival. The film, which co-stars Adria Arjona as a wife who wants her husband dead, is loosely based on a true story detailed in a from 2001 about faux-hit-man Gary Johnson.

In an interview in Toronto, Linklater, the veteran independent filmmaker of 鈥淏oyhood" said he and Powell elected to make the film before selling it to a distributor to avoid some of the pitfalls of modern Hollywood.

鈥淚t used to be the head of a studio would sit down with you, talk, maybe say, 鈥業 think you鈥檝e got the movie in you. Let鈥檚 do it.鈥 Now, they don鈥檛 even want to hear from you. You鈥檙e up against algorithms and marketing in advance,鈥 said Linklater. 鈥淪o it was kind of great to go: 鈥楲et鈥檚 just make the movie and bet on ourselves.鈥欌

That bet has paid off in a fall-festival movie market that's been disrupted by the ongoing SAG-AFTRA and WGA strikes. It's been speculated that, with pipelines potentially drying up, studios and streamers might be more eager to pick up finished films.

But the 鈥淗it Man鈥 sale is the largest yet of the season. Netflix, which also distributed earlier acquired Anna Kendrick鈥檚 directorial debut, 鈥淲oman of the Hour,鈥 following its premiere in Toronto.

Jake Coyle, The Associated Press