We recently ran a trailer for a Norweigan film called Troll Hunter that has been making the rounds in the festival circuit and doing so to resoundingly positive receptions from appreciative audiences. Thankfully, the folks over at Magnet feel the same way and have picked up the piece for distribution, according to a issued press release.

The film follows a group of documentary filmmakers into the wilderness of Norway along with a guide who happens to be a certified troll hunter. What the group gets is much more than they originally anticipated, though, as troll after troll comes out of the woodwork to wreak havoc on our cocky, unsuspecting heroes.

Tom Quinn from Magnet had this to say about the acquisition:

“The Troll Hunter is one hell of a ride, with trolls the size of King Kong. 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.”

Magnet also be released the sci-fi piece Monsters, which they picked up from SXSW, this month to VOD, so you may expect the same sort of treatment for Troll Hunter, though Magnet is planning theatrical releases for both. Scope out the rad trailer and full press release below.

Magnolia’s Magnet Releasing Captures THE TROLL HUNTER for the World

New York – October 18, 2010 - 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. A thrilling and wildly entertaining film, THE TROLL HUNTER delivers truly fantastic images of giant trolls wreaking havoc on the countryside, with darkly funny adherence to the original Norwegian folklore.

“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 deal for world rights excluding Europe were negotiated by Magnet’s Quinn with producer John M. Jacobsen. Magnet will release the film theatrically in 2011.