Magnet nabs ‘Down Terrace’

Company acquires world rights to black comedy

Magnet Releasing has acquired world rights to black comedy “Down Terrace” and plans a theatrical release this summer.

Pic, slotted to play at Slamdance this month, is the feature debut of director Ben Wheatley. It was produced by Andrew Starke of Boum Prods. and exec produced by Baby Cow Films, Steve Coogan and Henry Normal’s production company.

Magnolia Intl. will represent the film internationally at the upcoming Slamdance, Rotterdam and Berlin film festivals.

Down Terrace” stars real-life father and son Bob and Robin Hill as heads of a crime family struggling to keep their business together as infighting and a police informant in their midst threaten to unravel it completely.

Magnet is the genre arm of Magnolia Pictures, with recent releases including Tomas Alfredson’s “Let the Right One In,” John Woo’s “Red Cliff” and Ty West’s “The House of the Devil.”

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