Magnolia picks up 'Surveillance' for U.S.

Jennifer Lynch's pic will debut in Cannes

CANNES -- Magnolia Pictures picked up U.S. rights to Jennifer Lynch's Out of Competition Cannes entry "Surveilance" for release through its Magnet genre label.

The film, starring proven boxoffice draws Bill Pullman and Julia Ormond and executive produced by the director's father, David, will premiere May 21 at the fest. It follows the aftermath of a violent killing spree on a desolate desert highway. A fall release is planned.

Magnolia's performance with genre acquisitions has been mixed. The acclaimed South Korean monster movie "The Host" made $86.8 million worldwide The company bought domestic rights at Cannes, but the movie grossed only $2.2 million stateside.