By Nigel M Smith | Indiewire September 18, 2013 at 2:20PM
Magnet Releasing has acquired North American rights to Ti West's latest horror "The Sacrament," produced by Eli Roth. The film world premiered in Venice and recently screened in Toronto.
After dabbling in found-footage horror via a short "V/H/S" segment, "The Sacrament" marks "The Innkeepers" filmmaker's first full fledged film in the genre. Framed as a Vice documentary (that are so in style these days), the thriller centers on a group who venture out to an isolated community to investigate a possible suicide cult led by a charismatic leader. Understandably skeptical at first, the crew slowly come around to the group's utopian claims, only to soon discover that the leader is in fact a nutcase. Indie vets Joe Swanberg, Amy Seimetz and Kate Lyn Sheil all star.
"There is no distributor as dedicated to consistently bringing the highest quality independent films to audiences nationwide, whether it be through theatrical, or video on demand,” said West in a statement. “This will be my fifth collaboration with Magnolia Pictures, and I couldn't be happier. They are the perfect home for a genre bending, confronting film like 'The Sacrament.'"
The deal was negotiated for Magnet by SVP of Acquisitions Dori Begley and VP of Acquisitions Peter Van Steemburg with CAA and UTA on behalf of the filmmakers. Magnet is planning a 2014 release.