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 and genre titles , under the '' ' Magnet Releasing ' '' arm . In April 2011 , Cuban had placed Magnolia up for sale , but stated that he would not sell the company unless the offer was " very , very compelling . " One of the recent releases Magnolia distributed is '' Shoplifters '' , a Japanese drama that won the 2018 Palme d'Or at the Cannes Film Festival and was nominated for the 2018 Golden Globes . Magnolia Home Entertainment is the home media division of company
2018 Golden Globes
75th Golden Globe Awards
Magnolia Pictures