Park City, UT – January 23, 2013 – The Wagner/Cuban Company’s Magnolia Pictures announced today that they have acquired North American rights to PRINCE AVALANCHE after its rapturously received Sunday premiere at the Sundance Film Festival. The new film from writer/director David Gordon Green, PRINCE AVALANCHE stars Paul Rudd and Emile Hirsch, and was produced by Lisa Muskat, Derrick Tseng, Craig Zobel (director of Magnolia’s 2012 release Compliance), James Belfer and David Gordon Green.

Driven by striking performances from Rudd and Hirsch, PRINCE AVALANCHE is an offbeat comedy about two men painting traffic lines on a desolate country highway that’s been ravaged by wildfire. Against this dramatic setting, beautifully shot by frequent Green collaborator Tim Orr, the men bicker and joke with each other, eventually developing an unlikely friendship. Funny, meditative and at times surreal, PRINCE AVALANCHE features a moving score by Explosions in the Sky and David Wingo, and was loosely adapted from an Icelandic film called Either Way.

“All of us at Magnolia are huge fans of David Gordon Green, and it’s been a dream for a long time to work with him,” said Magnolia President Eamonn Bowles. “PRINCE AVALANCHE is incredibly smart, funny, warm and engaging film, with indelible, iconic performances from both Paul Rudd and Emile Hirsch.”

“Prince Avalanche was a strange joy to make and the reaction by audiences has been beautiful,” said David Gordon Green. “The pleasure continues as we join with Magnolia to distribute the movie. I couldn’t be more proud.”

The deal was negotiated by Magnolia SVP of Acquisitions Dori Begley with John Sloss and Cinetic. Magnolia is eyeing a summer theatrical release for the film.

PRINCE AVALANCHE was financed by Lankn Partners, Dogfish Pictures and Dreambridge Films.