The preemptive acquisition on the eve of Sundance unites horror specialist Jason Blum [pictured] with the found footage project.

Blumhouse will produce with Mark and Jay Duplass and the parties will work together on distribution and marketing.

Newcomer Patrick Brice directs Peachfuzz and Mark Duplass stars in the story of a man who answers a fateful Craigslist ad.

Josh Braun of Submarine brokered the deal and serves as executive producer.

Blumhouse’s next movie is Dark Skies for Alliance/Dimension, set to open on Feb 22.