At Last: Paulo Coelho’s ‘The Alchemist’ Movie Is In The Works

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thealchemist
Sony-based TriStar has stepped up to make a worldwide rights deal to turn the Paulo Coelho novel The Alchemist into a feature film. The book has been guided creatively for years by Cinema Gypsy’s Laurence Fishburne, who will take it the rest of the way in partnership with fellow producers, PalmStar Media’s Kevin Frakes, and TriStar president Hannah Minghella have teamed-up to produce a feature film adaptation of Paulo Coelho's international best-selling 1988 novel The Alchemist, which has sold over 65 million copies in 56 languages.
In 2008, it was announced that The Weinstein Company (TWC) had purchased the book rights and had Laurence Fishburne, the star of The Matrix trilogy, set to direct, produce and star, but after spending $5 million on the rights and multiple drafts of the script, TWC chose to sell the rights to Frakes and Buddy Patrick for $6.5 million at the Toronto Film Festival. The deal also includes "another $1.5 million in producing fees against potential back end for Bob and Harvey Weinstein, who remain in producing capacities." For a commitment by an independent producer/financier, The Alchemist deal rivaled the $5 million that upstart Imperative Entertainment paid for the David Grann novel Killers Of The Flower Moon last March, which now has Eric Roth adapting.
PalmStar has in a short term emerged as a serious player for pricey material. This follows its $2 million deal to acquire the Allan Loeb script Collateral Beauty, which turned into the awards season film that stars Will Smith, with New Line releasing December 16. Turns out that some of that risk-taking spirit was gleaned from Coelho’s book. As Sony continues to emphasize product that will play globally, Coelho’s book is a prestige project that could fall right in that wheelhouse. It has sold around 65 million copies in 56 languages, and reputedly holds the Guinness world record for most translated work by a living author. 
“The Alchemist changed my life when I first read it almost 20 years ago,” Frakes said. “It helped give me the courage to take chances and the confidence to chase my dream. In my first conversation with Hanna about The Alchemist, I realized she understood the impact this novel has and I knew I wanted to make this film with TriStar. I could not be more excited that we are starting the journey together.”
Image result for Cinema Gypsy’s Laurence Fishburne, PalmStar Media Kevin Frakes, and TriStar president Hannah Minghella
Paulo Coelho's masterpiece tells the mystical story of Santiago, an Andalusian shepherd boy who yearns to travel in search of a worldly treasure. His quest will lead him to riches far different—and far more satisfying—than he ever imagined. Santiago's journey teaches us about the essential wisdom of listening to our hearts, of recognizing opportunity and learning to read the omens strewn along life's path, and, most importantly, to follow our dreams.
Hopeful for a 2018 release, The Alchemist should go into production by mid-2017.

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