Magnolia can't resist the pull of genre label
EmptyTodd Wagner and Mark Cuban's Magnolia Pictures is stepping up its game with a new genre label, Magnet.
Magnet's first film will be Jeremy Saulnier's comic slasher film "Murder Party," set for a brief theatrical release before an October DVD bow. Among those ready for a 2008 release include Hitoshi Matsumoto's "Big Man in Japan," a Toronto International Film Festival Midnight Madness selection; Tony Smith's Viking actioner "Severed Ways"; "Triangle," the Hong Kong action omnibus from Ringo Lam, Johnny To and Tsui Hark; "Not Quite Hollywood," Mark Hartley's Australian genre film docu; and Olivier Assayas' thriller "Boarding Gate," starring Asia Argento and Michael Madsen.
Magnolia president Eamonn Bowles said that he wanted to brand and label his already extensive slate of well-reviewed genre films, including "The Host" and "District B13."
"These are not trashy genre films. The market has grown up," he added. The slate will include acquisitions, production prebuys and projects produced in-house for theatrical or DVD release.
Wagner already has stated his desire to give Magnolia higher-budgeted projects, and Bowles said some of those likely will go through Magnet, given the strong sales genre titles have garnered on his Magnolia Home Entertainment label.
Said senior vp Tom Quinn, "It's a kick-ass position to be in when you can look to your own company's films and know that these are the movies you'd want to buy for your personal DVD collection."