Magnolia taking original ‘Pulse’

Japanese horror pic to be distribbed in U.S., o'seas

NEW YORK — Japanese horror fans can rejoice.

With Bob and Harvey Weinstein’s Dimension label prepping “Pulse” — a remake of Kiyoshi Kurosawa’s Japanese cult horror hit — the Miramax genre arm has sold off the original film to Magnolia Pictures, the distrib arm of Todd Wagner and Mark Cuban’s 2929 Entertainment.

Magnolia takes distrib rights on the pic in all English-language territories, plus Mexico, Germany, Italy, Poland and Spain.

Dimension snapped up the pic when it preemed in Cannes in 2001. Under the Weinsteins, Dimension and Miramax had a voracious appetite for Asian genre titles, but ultimately saw some of those pics collecting dust.

Wes Craven co-penned the “Pulse” remake, which is lensing with Kristen Bell and Christina Milian heading the ensemble cast.

“This film scared me as much as anything I’ve seen in a theater, patrons excepted,” said Magnolia prexy Eamonn Bowles of the pickup. “We’re truly excited to get the chance to release ‘Pulse.’ ”

Pic follows a group of friends rocked by the sudden suicide of a pal and his subsequent, ghostly reappearance in grainy computer and video images.

Kurosawa’s credits include “Cure,” “Charisma” and “Bright Future.”

Magnolia has Christopher Browne’s “A League of Ordinary Gentlemen” and Alex Gibney’s “Enron: The Smartest Guys in the Room” in release.

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