EXCLUSIVE: Glen Basner’s FilmNation is to fully finance its first film, a prestige genre title from Paranormal Activity creator Oren Peli set to go this summer.
Basner and his team will commence international pre-sales here on the untitled story, which Peli, riding high after producing the North American hit Insidious, wrote and is producing with Brian Witten.
CAA and Linda Lichter represent North American rights on the tale of friends who discover they are not alone after they become stranded in a ghost town overrun by nature.
“We are extremely excited about our new horror project, and while we can’t disclose too many details about it, rest assured it will be scary as hell,” Peli said. “We are honoured to have FilmNation as our partners.”
“Oren is a master of the genre and the timing was ideal to expand FilmNation’s reach and finance the project,” Basner said.
Peli directed and produced Paranormal Activity and produced the sequel. He also directed and wrote the upcoming Paramount acquisition Area 51 and produced Barry Levinson’s eco-horror The Bay, which Lionsgate will release in the US.
Former Paramount evp Witten is partners with Richard Saperstein at The Genre Company and is producing a remake of 1958 sci-fi The Blob and Stephen King adaptation Cell.
FilmNation’s Cannes slate includes The Brothers Grimm: Snow White starring Julia Roberts, Lily Collins and Armie Hammer, Lola Versus starring Greta Gerwig, as well as Jeff Nichols’ Critic’s Week entry Take Shelter with Michael Shannon and Jessica Chastain and Pedro Almodovar’s competition entry The Skin I Live In.