Mark Cuban and Todd Wagner’s Magnolia Pictures has hired investment bank Stephens to explore selling the company.Content is currently in high demand and Magnolia, a leading independent film distributor for two decades, has a substantial library of about 500 titles.“We went through this process 8-10 years ago and did not sell it then, and we may not sell this time.
But the climate this time is strong and we have done extraordinarily well,” president and co-founder Eamonn Bowles tells Deadline — including during the pandemic, with the library throwing off more cash than ever. “We have these ten year old films making more than in their third year,” he said.A deal would follow hookups between Amazon-MGM (still pending) and the acquisition of
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