The Wagner/Cuban Company's Magnolia Pictures announced today that it has acquired world rights to Jack and Diane, a beautifully dark and twisted tale of young love starring Juno Temple (Atonement), Riley Keough (The Runaways), pop icon Kylie Minogue, and Cara Seymour (An Education). The film, which is currently in post-production, was written, directed and produced by Bradley Rust Gray (The Exploding Girl). It was also produced by Jen Gatien, So Yong Kim and Karin Chien, and is expected to be completed this fall.

Magnolia International is launching sales at this year's Cannes market. International sales will be handled by Laird Adamson.

Jack and Diane are two teenage girls who meet in New York City and spend the night kissing ferociously, quickly striking up a passionate love affair. But when Jack discovers that Diane is leaving the country in a week, she tries to push her away. Diane struggles to keep their love alive while hiding the secret that her newly awakened sexual desire is giving her monster-like visions. Jack and Diane also stars Dane DeHaan (True Blood), Michael Chernus (Love and Other Drugs) and Lou Taylor Pucci (Carriers). The film features animation from the Brothers Quay, and creature effects by Gabe Bartalos (Cremaster 2 and 4).

"Bradley Rust Gray has brought together a stellar cast to tell this wildly original love story that blew us away," said Magnolia SVP Tom Quinn. "He has a wholly unique vision and we can't wait to see this exciting project brought to fruition."

"Jack and Diane has been a long labor of love, sweat, blood and tears, and I couldn't be more thrilled to find a home with Magnolia," said director Bradley Rust Gray . "I'm a huge fan of the kind of bold, risk-taking cinema that Magnolia releases, and I'm excited to work with them to reach the largest audience possible.

The film was brought in to Magnolia by Director of Acquisitions Peter Van Steemburg, and the deal was negotiated by Magnolia SVP Tom Quinn with Jen Gatien.