Warner Bros. has acquired the domestic distribution rights to director Steven Soderbergh's upcoming male stripper drama Magic Mike.

The screenplay from Reid Carolin is based on star Channing Tatum's early life as an exotic dancer. He will play mentor a young up-and-coming dancer played by Alex Pettyfer. Other cast members include Matthew McConaughey, Joe Manganiello, and Olivia Munn.

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Warner Bros. has given Magic Mike a prime piece of summer real estate, setting up this coming-of-age story with a June 29th, 2012 release date. Director Steven Soderbergh will shoot The Man from U.N.C.L.E. before starting production on Magic Mike.