Lionsgate has acquired the film rights to the Bigfoot found footage thriller "Exists" which had a highly successful midnight premiere at the SXSW Film Festival.
Eduardo Sanchez ("The Blair Witch Project") helms this new take on the sasquatch myth in which five friends who must battle the legendary monster during a camping trip in the remote Texas woods.
In a statement, Sanchez says: "I'm really excited about working with the talented team at Lionsgate. We've had great history together and they really understand Exists and see the tremendous opportunity to reboot Bigfoot for a new generation."
Producer Jane Fleming adds: "It is especially gratifying to sell the film at SXSW in Austin so close to Bastrop, Texas where we shot Exists with an amazing Texas-based cast and crew. We look forward to working with Lionsgate to bring Ed's vision to the masses."
Source: Heat Vision