Magnolia has the worldwide distribution rights to “Tangerine,” one of 2015 Sundance Film Fest’s buzziest titles.
The deal is in the high six figures. The film will get a traditional nationwide theatrical release later this year.
“Tangerine” has generated a great deal of press attention because director Sean Baker and cinematographer Radium Cheung shot the picture using an iPhone.
The films stars transgender actresses Mya Taylor and Kitana Kiki Rodriguez in their big-screen debuts as two prostitutes looking for a pimp on Christmas Eve in Hollywood. Baker co-wrote the film with Chris Bergoch.
This is the second Sundance acquisition for Magnolia. Earlier in the festival, the studio got “Results,” a comedy with Guy Pearce and Cobie Smulders playing personal trainers.
The deal was negotiated by Magnolia Senior Vice President of Acquisitions Dori Begley and Director of Acquisitions John Von Thaden with Jessica Lacy at ICM Partners and Josh Braun of Submarine on behalf of the filmmakers.