Magnolia Pictures has acquired North America distribution rights to its CG-animated feature "The Hero of Color City," Exodus Film Group announced Monday. The film is a tale chronicling the adventures of a colorful and diverse band of crayons as they strive to protect their magical, multi-hued homeland from an evil tyrant that threatens to rid their world of joy and color. The screenplay was written by J.P. McCormick and Rich Raczelowski and is targeted for a fall 2007 release. "We're excited to be partnering with Exodus on 'The Hero of Color City,'" commented Magnolia Pictures president Eamonn Bowles in a statement. "They've put together a great concept with a fantastic animation team for something that has the potential to be a children's classic." Magnolia is a New York-based independent distributor, while Exodus is primarily focused on "family-oriented" films with CG-animation content. [Brian Brooks]