Magnolia Pictures is an American film distributor, and is a holding of 2929 Entertainment, owned by Todd Wagner and Mark Cuban. Magnolia was formed in 2001 by Bill Banowsky and Eamonn Bowles, and specializes in both foreign and independent films.
Films distributed by Magnolia typically appear on the cable television channel HDNet Movies (also owned by Cuban) during their first week of release.
Magnolia also has a genre films label named Magnet Releasing which mainly distributes foreign action films.
In April 2011, Cuban placed Magnolia up for sale, but he added that he wouldn't sell the company unless the offer was "very, very compelling."
Read more about Magnolia Pictures: Films, Subtitle Controversy
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