Magnolia Pictures has bought the rights to the horror-comedy Severance.

The film, recently screened at Cannes, is directed by Christopher Smith and stars Danny Dyer and Laura Harris. Severance is about an international arms dealer who rewards his six-member sales division of corporate execs with a weekend team-building retreat in the mountains of Eastern Europe, where they encounter a renegade band of war-crazed soldiers seeking revenge, says The Hollywood Reporter.

Look for a late 2006 release for Severance.