Magnolia Pictures has announced its acquisition of North American rights to Craig Zobel's "Great World of Sound" which is screening this week in Austin at the SXSW Film Festival and had its world premiere at Sundance in January where Magnolia execs first saw the movie. In the words of an announcement, "Existing at the darkly comic intersection of the 'American Idol' phenomenon, 'Glengarry Glen Ross', and The Maysles Brothers' revered documentary 'Salesman', 'Great World of Sound' stars Patrick Healy and Kene Holliday as Martin and Clarence, two average southern guys who get involed in the excitement of a record industry talent scouting scheme..."
The company is planning a Fall release for the film. In a statement, Zobel said Thursday, "Magnolia is one of the most progressive, exciting companies out there--they were at the top of the wish list in my hopes of getting distribution. I feel extremely lucky that they are so passionate about the film. Having this deal happen at SXSW is just tremendous." The deal was negotiated by Magnolia head of acquisitions Tom Quinn and head of business affairs Jason Janego, with Cassian Elwes of William Morris Independent representing the Zobel.
"I love 'Great World of Sound'," praised Magnolia owner Mark Cuban in a statement. "It reminded me of all the great sales movies, and the ups and downs anyone who has ever had to close a sale in order to eat has experienced." [Eugene Hernandez]