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.

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.

Paramount has secured the rights in a competitive bidding war for 'The Midnight Library,' a fantasy drama starring Florence Pugh. The adaptation of Matt Haig's book is considered a major deal from the Cannes film market.

Academy Award nominee Florence Pugh is set to star in and produce a fantasy adaptation of the bestselling novel 'The Midnight Library'.

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.