Deadline is reporting that Summit Entertainment has won an auction for U.S. distribution rights for an untitled “found footage” film that Scott Derrickson will direct. The film is being budgeted around the $5 million mark, which is very cheap, like the last Jason Blum produced films Paranormal Activity 2 and Insidious.
Up until now all we really knew about this project was that Ethan Hawke will be starring and it was written by Scott Derrickson (The Exorcism of Emily Rose) and film critic C. Robert Cargill. But now we know that the film will be about a journalist who travels with his family across the country to investigate gruesome deaths that he later plans to turn into books. Upon moving into a house they find footage that unveils what happened to a family that was murdered in the house.
Summit plans for a limited release with a wide release to follow if it does well, sort of like Paranormal Activity and Insidious. I’m sure it will pick up some traction and get a wide release, it’s just a matter of how fast. Stay tuned for more information as we get it!