Magnolia Buys Eliot Spitzer Downfall Doc

Magnolia Pictures acquired US rights to the Alex Gibney-directed untitled documentary about the downfall of New York State Governor Eliot Spitzer. Gibney showed a work in progress version of the film at the Tribeca Film Festival. It chronicles the rise of Spitzer as a law and order attorney general who battled corruption on Wall Street. That led to the Governor’s Mansion, but his rise as a national political star ended when he was caught up in a prostitution scandal. Spitzer, who is resurfacing as a pundit, took his lumps by sitting for interviews with Gibney to explain the demons that took him down. The film was produced by A&E IndieFilms and Wider Film Projects. Cinetic Media made the deal.