Drafthouse Films has acquired U.S. rights to Electric Boogaloo: The Wild, Untold Story Of Cannon Films, a documentary from Mark Hartley. The film, now in preproduction in Australia, tells the story of two movie-obsessed Israeli-born cousins who launched Cannon Films, which produced more than 120 exploitation films from 1979-89. The brothers’ titles included everything from Runaway Train and Texas Chainsaw Massacre 2 to cult comedies like The Apple, fantasies like Masters Of The Universe and art house titles like Barfly, John Cassavetes’ Love Streams and Jean-Luc Godard’s King Lear. Drafthouse plans a late-2012 theatrical release to coincide with a roadshow retrospective of some of Cannon’s films. Celluloid Nightmares sold the pic, which is being produced by Veronica Fury and executive produced by XYZ Films, the outfit behind the upcoming Sony Pictures release The Raid.