Magnet Releasing has acquired US rights to Michael Nickles’ horror film starring Christian Slater and will release through its Ultra VOD platform in February 2012.

Toby Hemingway, Johnny Pacar and Ambyr Childers round out the cast on the about high school students who unlock a dark spirit.

Magnet will release Playback on all digital VOD platforms prior to its theatrical release in March.

Svp of acquisitions Dori Begley, director of acquisitions Peter Van Steemberg and head of legal and business affairs Chris Matson brokered the deal with Nate Bolotin of Celluloid Nightmares.