WB to release Soderbergh film

Warner Bros. has picked up Steven Soderbergh's drama "Magic Mike" and set it for release on June 29. Matthew McConaughey, Channing Tatum and Alex Pettyfer star. Tatum plays the title character, a stripper and dancer who takes Pettyfer's character under his wing and mentors him on how to hustle both on and off the stage. McConaughey portrays a former exotic dancer who now owns the club where "Magic Mike" works. Pic draws on Tatum's experiences working as a teen stripper in Tampa. Nick Wechsler and Gregory Jacobs are producing with Tatum and his 33andOut Prods. partner Reid Carolin, who also penned the script. "Mike" will open against Paramount's "G.I. Joe: Retaliation." Sony's "The Amazing Spider-Man" is set for July 3. Contact Variety Staff at news@variety.com