Magnolia nabs rights to Eliot Spitzer doc

Alex Gibney's film centers on rise and fall of N.Y. ex-governor

Magnolia Pictures has acquired U.S. rights to Alex Gibney's untitled Eliot Spitzer documentary.

Produced by A&E IndieFilms and Wider Film Projects, the doc revolves around the rise and fall of the former New York governor and prosecutor. A work-in-progress version recently screened at the Tribeca Film Festival.

Magnolia's deal seals its fifth collaboration with Gibney. It also distributed his "Enron: The Smartest Guys in the Room," "Gonzo: The Life and Work of Dr. Hunter S. Thompson," the recent "Casino Jack and the United States of Money" and the upcoming "Freakonomics."

"Alex is the most vital documentarian working today, and this film could be his finest hour," Magnolia president Eamonn Bowles said. "It transcends what could have been a salacious expose in lesser hands to be a truly thrilling, masterful work of cinema."