Wayfare Financing 3D “Sanctum”

Wayfare Entertainment is set to finance the $30 million 3-D underwater survival drama “Sanctum” reports Variety.

The film is inspired by co-scribe Andrew Wight’s real-life near-death experience when he led an expedition of 15 divers into a remote underwater cave system below Australia’s Nullarbor Plain, and then watched a freak storm collapse the cave entrance. It became a two-day battle to survive until all 15 were rescued.

James Cameron’s “Avatar” cameras and 3-D technology will be used for “Sanctum” in which a hard-edged father and his teen son lead a diving team, and the true character of the divers surfaces when they are faced with adversity.

Alister Grierson (“Kokoda”) will direct from the script penned by Wight and John Garvin. Filming kicks off later this year in Australia.