Tobin Bell, who plays the nefarious jigsaw in the Saw franchise, stars alongside Terence Ray and Leah Rachel in the story of a sorority initiation that goes wrong when a college student awakens an ancient spirit.
Robert Kurtzman directed and Odd Lot Entertainment partners Deborah Del Prete and Gigi Pritzker served as producers.
'We are excited to be in business with Gigi and Deborah and the talented team at Odd Lot and we think that Robert has created a fantastic and terrifying film that will have people on the very edge of their seats,' Michelle Krumm, executive vice president of acquisitions and co-productions for The Weinstein Company, said.
'We are delighted about this new relationship with Dimension and the Weinstein Company and are confident in their amazing ideas and marketing strategies on behalf of Buried Alive,' Del Prete added.
Los Angeles-based Odd Lot Entertainment was founded in 2001 and recently produced and financed the comedy Suburban Girl starring Sarah Michelle Gellar and Alec Baldwin.
The company's productions include Jacob Estes' drama Mean Creek, and romantic comedy The Wedding Planner starring Jennifer Lopez and Matthew McConaughey. Upcoming projects include caper remake The Lavender Hill Mob, romantic comedy Return To Sender, and the Latino Jane Austen title Sense And Sensibilidad.