Magnolia Pictures acquires the rights to Fernando Meirelles’ “360”

Good news for fans of Fernando Meirelles film “360”, the film which stars Rachel Weisz, Anthony Hopkins, Jude Law, Ben Foster, Jamel Debbouze and Moritz Bleibtreu has been acquired by the Wagner/Cuban’s Magnolia Pictures.

Magnolia President Eamonn Bowles said, “Fernando Meirelles and Peter Morgan are two exceptional talents that have crafted a unique and truly special picture. ‘360’ is a stunningly well made film, and a fantastic showcase for some of the most talented actors from around the world.”

“360” was produced by Andrew Eaton and David Linde with Chris Hanley, Danny Krausz and Emanuel Michael.

The European premiere of “360” took place earlier this month when it received the prestigious honor of being chosen as the Opening Night Gala Film at the BFI 55th London Film Festival.

A truly international film, “360” was shot on location in Vienna, Paris, London, Bratislava and Rio de Janeiro.

In the film, Jude Law plays a travelling businessman who is contemplating a liaison with a prostitute;  Rachel Weisz, a married woman  who is breaking off a relationship with a younger man; Anthony Hopkins, a man searching for his missing daughter; Ben Foster, a sex offender recently released from prison.

Magnolia plans a theatrical release in 2012 in all major US markets, bolstered by a prominent film festival presence leading up to release. 360 will be distributed through Magnolia’s successful Ultra VOD program.

The deal was negotiated for Magnolia by SVP of Acquisitions Dori Begley and Head of Legal and Business Affairs Chris Matson, with UTA Independent Film Group for the filmmakers.