The guy's the brought us Paranormal Activity, Oren Peli, Jason Blum and Steven Schneider have made a five picture deal with Alliance Films, in which they will finance and produce low-budget genre films.
The first movie to be made is called Insidious, and it comes from the original creators of the Saw franchise, James Wan who will direct the film and Leigh Whannell who has written the script. The film will start shooting in Los Angeles this spring. There isn't a lot of information about the story of this film other than what Wan has said,
Leigh wrote a fantastic script that took a haunted house movie with all the usual conventions and twisted it on its head.
That's enough of an explanation to perk my interest. I love a good ghost story, and if these guys came up with one that is an original take on the haunted house horror genre then you can count me in.
I love the fact that these are going to be lower budget films. It pushes filmmakers to rely more on the story and quality of the script than on special effects. This allows them "to do more with less" according to Blum.
Blum and Alliance are confident that the same successful appetite that audiences showed for Paranormal Activity will exist for Insidious, and the four other film they will create under their new deal.
Being a big fan of horror films, I'm looking forward to seeing what these guys come up with.