Magnet Releasing Snatches Supernatural Horror Project ‘Satanic’

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The Magnolia Pictures-owned company acquires the worldwide rights to teen horror

Magnet Releasing, Magnolia Pictures’ genre subsidiary, procured the rights to “Satanic,” a supernatural horror film.

The acquisition of the title, currently in the scripting phase and set to be directed by rookie Jeff Hunt, comes just weeks before the Toronto International Film Festival.

Co-produced by MarVista Entertainment and Circle of Confusion (producers of “The Walking Dead”), the film centers around college-aged co-eds who follow home a creepy occult store owner and inadvertently become entrenched in a deadly satanic ritual.

Also read: Horror Anthology ‘V/H/S: Viral’ Picked Up by Magnet Releasing

MarVista’s Michael Moran and Circle of Confusion’s Lawrence Mattis serve as producers. The executive producers are Stephen Emery at Circle of Confusion, Fernando Szew at MarVista and Anthony Jawinski.

“As we expand MarVista into other realms of entertainment, we are honored to partner with two highly creative and progressive companies, Magnolia Pictures and Circle of Confusion, as we make our foray into the horror genre,” said Szew, CEO of MarVista Entertainment.

“With the incredibly talented development, production and distribution teams across each of our companies coming together, I am confident that we will deliver a truly unique and intense addition to the horror story with ‘Satanic.'”

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Magnet, which also has the rights to popular horror titles “Let the Right One In,” Takashi Miike‘s “13 Assassins” and “V/H/S,” is a genre-focused subsidiary of Magnolia Pictures.

Christina Rogers from Magnolia Pictures International will be representing “Satanic” at TIFF, which starts Sept. 4.