Magnolia Pictures' genre arm Magnet has acquired worldwide rights to Billy Corben's drug trade documentary Cocaine Cowboys 2: Hustlin' With The Godmother.

Corben's follow-up to his 2006 documentary Cocaine Cowboys profiles the rise of a street dealer from California who gets in way over his head when he partners with the notorious 'Cocaine Godmother' Griselda Blanco.

Magnolia's Laird Adamson is commencing international sales here at EFM and anticipates strong business after Cocaine Cowboys sold in more than 25 territories.

Magnet/Magnolia senior vice president Tom Quinn, director of acquisitions Dori Begley and head of business affairs, Jason Janego brokered the deal with Alfred Spellman of production company rakontur.

'The first Cocaine Cowboys has turned out to be a seminal crime documentary, an iconic title that has developed huge name recognition,' Magnet/Magnolia president Eamonn Bowles said. 'We're really excited to be partnering again with the savvy storytellers at rakontur for an equally amazing story.'

Magnet's slate includes horror tale The Signal, Hitoshi Matsumoto's Big Man Japan, Chilean action epics Kiltro and Mirageman and Olivier Assayas' thriller Boarding Gate starring Asia Argento and Michael Madsen.