New Films has picked up worldwide rights to Deon Taylor's horror film "Chain Letter," and will release it in the U.S. next year with an eye toward building the title into a franchise.

The film, which is being screened for international buyers at the American Film Market, stars Nikki Reed ("Twilight," "The Twilight Saga: New Moon"), Betsy Russell ("Saw" franchise) and Brad Dourif ("Child's Play"). It follows a serial killer preying on teenagers who fail to forward a chain letter.

Read more in Variety. [1]