New Delhi, May 23 -- Netflix is closing in on a major US acquisition deal for La Bola Negra following intense interest from multiple distributors at the Cannes Film Festival, where the film has rapidly become one of the competition's most talked-about titles.

According to industry reports emerging from Cannes, the streamer is expected to secure domestic rights to the Spanish-language feature in a deal believed to be worth between $4 million and $5 million - a figure that would mark one of the largest US acquisitions for a non-English-language title in recent years.

The agreement, reportedly brokered by Goodfellas and CAA Media Finance, is said to include a multi-week theatrical release commitment alongside a significant awards-season ca...