Magnolia genre arm acquires North American rights

LONDON — Magnet Releasing, the genre arm of Magnolia Pictures, has acquired North American distrib rights to U.K. horror “Storage 24.”

“Storage 24″ will be released through the distrib’s Ultra VOD program, debuting on all video-on-demand platforms Dec.6 to be followed by a theatrical release in early January.

The film, scripted and produced by thesp Noel Clarke, is the first of the multi-hyphenate filmmaker’s works to receive theatrical release in the U.S. The pic is helmed by Johannes Roberts.

Clarke scripted and starred in 2006′s “Kidulthood,” before helming sequel “Adulthood” in 2008, and 2010 “Rashomon”-style crime thriller “4.3.2.1.” He also scripted 2012 sports drama “Fast Girls.”

Independent Film Company is handling worldwide sales for “Storage 24,” which is being released by Universal in U.K., Germany, Benelux, Scandinavia, Australia and India, and has sold to ICO in France, Klockworx in Japan, HGC in China, Focus & Company in Korea, Lark Films in Hong Kong, IPA in Thailand and Vietnam, and Bir Film in Turkey.

Universal released the film in the U.K. in late June grossing £205,120 ($375,150).

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