Magnet Releasing, the genre arm of Magnolia Pictures, announced that it has acquired the U.S. rights to Jennifer Lynch's "Surveillance." Starring Bill Pullman, Julia Ormand and Cheri Oteri, "Surveillance" is a thriller that details the aftermath of a violent killing. "'Surveillance' is a wild, wild trip, steered by Jennifer Lynch's incredibly accomplished directorial hand," said Magnolia President Eamonn Bowles in a statement. The film is screening out of competition at Cannes on May 21, 2008. Magnet is planning a fall theatrical release. [Peter Knegt]