Magnolia Pictures is an American
film distributor, and is a holding of
2929 Entertainment, owned by
Todd Wagner and
Mark Cuban. Magnolia was formed in 2001 by Bill Banowsky and Eamonn Bowles, and specializes in both foreign and
independent films. Magnolia distributes some of its films, especially foreign ones, under a label named
Magnet Releasing. In April 2011, Cuban placed Magnolia up for sale, but stated that he would not sell the company unless the offer was "very, very compelling."