Magnolia has picked up North American theatrical and V-O-D distribution rights for Serious Moonlight, written by the late Adrienne Shelly and directed by Cheryl Hines, it was announced today. The darkly funny film — Hines’ directorial debut — stars Meg Ryan, Timothy Hutton, Kristen Bell and Justin Long, and will be released to 50 million households through Magnolia’s Ultra VOD program in November prior to its December theatrical bow.