Paramount Pictures has officially closed a deal with Studiocanal to acquire North American and various international distribution rights for 'The Midnight Library,' a fantasy drama starring and produced by Florence Pugh and directed by Garth Davis, following a competitive bidding war at the Cannes film market.

Paramount Pictures has secured the film rights for Matt Haig's novel 'The Midnight Library' for $36 million. The feature will be directed by Garth Davis and star Florence Pugh.

The fantasy drama 'The Midnight Library,' starring Florence Pugh and directed by Garth Davis, is reportedly the subject of a major bidding war among multiple studios at the Cannes market.