New York, New York (October 14, 2011) – Magnolia Pictures has acquired all U.S. distribution rights to Angels Crest, which had its World Premiere at The 2011 Tribeca Film Festival, it was announced today. Celsius is handling international rights to the film. Magnolia plans a November 25th, 2011 VOD launch and December 30th, 2011 theatrical release for the film.

Gaby Dellal’s Angels Crest features an all-star cast including Jeremy Piven, Kate Walsh, Thomas Dekker, Lynn Collins, Mira Sorvino and Elizabeth McGovern. The film tells the story of a small rural community during the first snow of winter, when 3 year-old Nate Denton mysteriously disappears from his father’s truck. The inhabitants of Angels Crest confront what this tragic event means to them, and have to deal with their own concepts of right and wrong.

“Gaby Dellal has made a mark for herself with Angels Crest,” said Magnolia President Eamonn Bowles. “Her direction and the tremendous ensemble make for a moving film experience.”

The screenplay was adapted by Catherine Trieschmann and based on Leslie Schwartz’s novel ‘Angels Crest’. Produced by Shirley Vercruysse and Leslie Cowan. Tim Perell and William Mulroy served as Executive Producers.

The deal was negotiated for Magnolia by SVP of Acquisitions Dori Begley and Head of Legal and Business Affairs Chris Matson, with Cinetic Media.