Magnolia Pictures Exploring A Sale
The move comes as consolidation is rapidly reshaping the industry for the streaming era. While it has amassed a diverse library of 500 films during its 20 years in business, Magnolia is a vastly different company than other recent Hollywood acquisitions targets, like MGM with its exploitable IP or Reese Witherspoon’s “Big Little Lies” production outfit Hello Sunshine. The Hollywood Reporter once called Magnolia “one of the last indie distribution houses dedicated to art house fare....