Magnolia will release the film theatrically in 2012 in major US markets and also will distribute it through its Ultra VOD program.
Andrew Eaton, David Linde, Chris Hanley, Danny Krausz and Emanuel Michael produced the film, written by Peter Morgan. It recently served as the opening night feature at the London Film Festival.
Shot on location in Vienna, Paris, London, Bratislava and Rio de Janeiro, 360 follows Law as a travelling businessman who is contemplating a liaison with a prostitute; Weisz, appearing as married woman who is breaking off a relationship with a younger man; Hopkins, as a man searching for his missing daughter; and Foster as a sex offender recently released from prison.
The deal was negotiated for Magnolia by SVP of acquisitions Dori Begley and head of legal and business affairs Chris Matson with UTA, which repped the filmmakers.