Magnolia picks up 'Wire' rights

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NEW YORK -- The World Trade Center tightrope-walker documentary "Man on Wire," winner of two top prizes at this year's Sundance film fest, has been picked up for North American theatrical and DVD distribution by Magnolia Pictures.

James Marsh's documentary chronicles French acrobat Philippe Petit's high-wire walk between the Twin Towers in 1974, combining archival footage, re-enactments and interviews to draw a portrait of the event. The film was produced by Wall to Wall in association with Red Box Films for Discovery Films, the BBC and the U.K. Film Council. Discovery has produced previous Sundance pics such as "In the Shadow of the Moon."

The movie -- by turns comic, nostalgic and poignant, due to the 9/11 attacks -- won the world cinema jury and world cinema audience documentary awards in Park City last month. Submarine's Josh Braun repped the film, which is based on Petit's book "To Reach the Clouds."

Magnolia plans a late summer theatrical release.
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