EXCLUSIVE: Magnet has picked up US rights and Mongrel Media has acquired Canada from XYZ Films to Panos Cosmatos’ sci-fi thriller Beyond The Black Rainbow.

The film premiered in Tribeca last month and will get theatrical releases in both markets. Michael Rogers, Eva Allan, Scott Hylands and Marilyn Norry star.

Beyond The Black Rainbow is a sci-fi fable set in a futuristic 1983 and centres on a young woman imprisoned in an experimental laboratory.

XYZ’s Nate Bolotin brokered the deal on behalf of producers Oliver Linsley and Christya Nordstokke with Peter Van Steemburg for Magnet and Mongrel’s Andrew Frank.

Elephant Eye holds international rights.