Magnet Releasing has acquired worldwide rights at script stage to the supernatural teen-horror film and will commence pre-sales in Toronto next week.
The project will be a co-production between MarVista Entertainment and The Walking Dead producers Circle Of Confusion.
Satanic follows a group of college students on a tour of old Satanic Panic era sites in Los Angeles who believe they have rescued a girl from human sacrifice.
Christina Rogers of Magnolia Pictures International will represent Satanic in Toronto.
Television director Jeff Hunt will make his feature directorial debut from a screenplay by Anthony Jawinski.
MarVista’s Michael Moran and Lawrence Mattis from Circle Of Confusion will produce and executive producers are Stephen Emery from Circle Of Confusion, MarVista’s Fernando Szew and Jawinski.