Magnolia Buys Rights To 'Enron' Documentary

Enron: The Smartest Guys in the Room
Magnolia Pictures has bought the distribution rights to Alex Gibney's Enron: The Smartest Guys in the Room, according to the Hollywood Reporter.

The film is set to have its world premiere at this month's Sundance Film Festival as part of the documentary competition.

The documentary, which bills itself as the inside story of the Enron business scandal, draws upon the reporting of Bethany McLean and Peter Elkind, who co-wrote the book Enron: The Smartest Guys in the Room. Gibney's film also uses corporate audio and videotapes to show how Enron traders affected the national economy.