The new Ted Bundy biopic has found a home at Netflix. Extremely Wicked, Shockingly Evil and Vile, which stars Zac Efron as the notorious serial Killer, recently made its debut at Sundance and was one of the buzzier titles heading into this year's festival. The movie was there looking to find a distributor and they've done just that, with the world's largest streaming service winning out.

According to a new report, Netflix is nearing a deal for Extremely Wicked, Shockingly Evil and Vile, which comes from Oscar-nominated director Joe Berlinger (Paradise Lost). The deal is expected to be in the $9 million range, which is quite high for this sort of deal. Netflix will get the domestic and international rights. The biopic resulted in a bidding war, with both STX Films and Lionsgate also amongst the interested parties. But Netflix's pockets were simply too deep. And it's hard to ignore that this is a match that simply makes a great deal of sense.

For one, Netflix is in the market for premium content and if they can simply scoop something up that already has generated a great deal of buzz, that's a win for them. Also, their audience has a very large obsession with true crime, starting with Making a Murderer and more recently with Conversations With a Killer: The Ted Bundy Tapes, which also comes from Joe Berlinger and has been a dominant topic on social media ever since it premiered. Netflix even had to warn their viewers against focusing on Ted Bundy being attractive.

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As such, this Ted Bundy biopic starring Zac Efron will make a great companion piece and should do very well with that same crowd who craves such content. Extremely Wicked, Shockingly Evil and Vile is seen through the eyes of Liz Kloepfer (Lily Collins), Bundy's longtime girlfriend who falls in love with him and eventually has to confront the heinous crimes that her partner has committed, despite his insisted innocence. Bundy was tried and convicted in 1979 and, after denying his crimes for more than a decade, he confessed to killing 30 women between 1974 and 1978. Though, it's believed that the actual number could be higher. He was executed in 1989.

Kaya Scodelario, Jim Parsons and John Malkovich also star. Critics have been a bit mixed on the movie since it debuted at Sundance. Currently, it sits at a 61 percent approval rating on Rotten Tomatoes. Though, there has been a great deal of praise for Zac Efron's performance. Efron, for his part, promises that the movie isn't a celebration or glorification of Ted Bundy. While no release date has been set, Netflix will release the movie in theaters later this year for an awards season qualifying run. We'll be sure to keep you posted as any further details, such as a release date, are made available. This news was first reported by The Hollywood Reporter.

Ryan Scott