Slamdance has joined forces with Angel Baby Entertainment and executive producer Michael Malagiero to annually produce a feature film based on the winning screenplay from the newly created Slamdance Horror Screenplay Competition, Peter Baxter of Slamdance and Gregory Segal, a partner at Angel Baby jointly announced Thursday. In addition to having their screenplay guaranteed to be made into a feature motion picture, the winning writer will receive an upfront payment of $10,000 against 5% of the film's budget, plus net profits participation on the movie and payments for any sequels made of the motion picture. Production of the completed script will occur during the ensuing months, with a planned world premiere set for the follow year's Slamdance Film Festival. Entries for the Horror Screenplay Competition has been extended to December 11. For more information, visit their website. [Brian Brooks]