Magnet grabs world rights to 'Cocaine' sequel

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BERLIN -- Magnet Releasing, the genre arm of Todd Wagner and Mark Cuban's Magnolia Pictures, has picked up the world distribution rights for "Cocaine Cowboys 2: Hustlin' with the Godmother."

Magnolia is handing foreign sales to the Rakontur-produced film here.

A sequel to Billy Corben's 2006 gangster doc, the story follows Charles Cosby, a small time coke dealer in Oakland whose life is changed forever when he writes a fan letter to the "Cocaine Godmother" Griselda Blanco, who is serving time at a nearby federal prison. Six months later, Cosby is a multi-millionaire, Blanco's lover, and the head of her $40 million a year cocaine business.

The first movie was a huge DVD hit and sold in 25 territories.

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