Tomb Raider is looking for a new home. Studios and streamers are bidding to acquire the film rights to the property that was with MGM for nine years and has now returned to producer Graham King and his GK Films.
Opening bids were made last week, but things have escalated into a bidding war.
Alicia Vikander starred in a 2018 Tomb Raider reboot for MGM and GK Films that grossed $275 million worldwide and would have a sequel directed by Lovecraft County creator Misha Green. That project is now dead and the role is expected to be recast. the cover did the news first.
MGM, which was recently sold to Amazon, was involved in Tomb Raider thanks to a 2013 deal with GK Films, which acquired the film rights from video game maker Square Enix in 2011. MGM did not respond to a request for comment.
Before Tomb Raider’During his time at MGM, Angelina Jolie starred in two films, based on the character and released by Paramount: Lara Croft: Tomb Raider (2001) and Lara Croft Tomb Raider: The Cradle of Life (2003). Those films grossed a total of $432 million worldwide. The property debuted in games in 1996.
The bidding war comes as studios and streamers are hungrier than ever for known IP. One source describes the situation as a “food frenzy.”