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Kristen Stewart, Chloe Sevigny Drama ‘Lizzie’ Chased by IFC, Magnolia, Roadside

Sundance 2018: Sales agents have received multiple bids and negotiations are ongoing

Three distributors — Roadside Attractions with Saban Films, IFC and Magnolia Pictures — are chasing the ax-murderer period drama “Lizzie,” an individual with knowledge of the negotiations told TheWrap.

Four offers have been submitted, the fourth distributor bidding on the film was not identified.

“Lizzie” stars Chloe Sevigny as Lizzie Borden, who was tried and acquitted for the 1892 ax murders of her father and stepmother. The film also stars Kristen Stewart, who plays a servant hired by Borden’s family. There is an intense lust and desire between the two women that culminates in the graphic and extremely violent, infamous murders. Denis O’Hare also stars in the film, which Craig Macneill directed.

The Sundance market has been slow so far — it’s day five of the festival, yet only a few buzzy titles, like “Colette” and “Search,” have sold.

On Sunday, TheWrap reported that several bidders were interested in “Blindspotting,” yet no formal sale has been made as of yet. Neon, The Orchard and CBS Films were aggressively pursuing the film, with MoviePass, the moviegoing subscription service that announced plans to acquire films at the festival, seeking a co-release with whoever ends up buying the film.

An insider had told TheWrap that negotiations were slow because the sales agents wanted to take their time hearing out the marketing and distribution plans of each player.

TheWrap has reached out to IFC, Magnolia, Saban, Roadside, WME and the film’s publicist. None immediately responded.