According to The Los Angeles Times, Lionsgate ponied up $3.2 million for the North American rights to "Buried," closing the deal on Sunday (Jan. 24), just one night after the claustrophobic thriller's world premiere.
Lionsgate has had previous luck with Sundance titles including "Open Water," "Saw" and "Precious."
Directed by Rodrigo Cortes, "Buried" focuses on a civilian contractor (Reynolds) in Iraq who survives a roadside bombing and wakes up inside a coffin, buried under the ground. Using only a dying cell phone, the character has to try to raise a $5 million ransom or else figure out a way to escape.
"'Buried' is a powerful reminder that all you really need for an unforgettable movie experience is a great story, inventive filmmaking and brilliant acting," Jason Constantine, Lionsgate's president of acquisitions and co-productions, says in a statement.