The Wagner/Cuban Company's Magnet Releasing, genre arm of Magnolia Pictures announced today that it has acquired World rights excluding Europe to writer/director André Ovredal's The Troll Hunter, produced by John M. Jacobsen and Sveinung Golimo.

Shot in a vérité style, The Troll Hunter is the story of a group of Norwegian film students that set out to capture real-life trolls on camera after learning their existence has been covered up for years by a government conspiracy.

"'The Troll Hunter' is one hell of a ride, with trolls the size of King Kong," said Magnet SVP Tom Quinn. "André Ovredal has created a one-of-a-kind creature feature that's sure to entertain and wow audiences all over the world. We're extremely proud to add it to the Magnet slate."

"The interest in 'The Troll Hunter' from around the world has been overwhelming," says producer Jacobsen. "But it became clear to us early that Magnolia/Magnet would be a perfect fit both for us and for the film. We are really excited to be working with them on this movie."

The Troll Hunter had its world premiere at Fantastic Fest and will hit theaters in 2011. You can watch the trailer below!