Lionsgate reveals Micro Budget Movie Slate

Lionsgate has developed a new micro-budget film program where they will develop movies with budgets of under $2 million dollars each. The studio wants to make ten of these low budget films a year under this new program, which of course was inspired by Paranormal Activity. According to Joe Drake, Lionsgate's Motion Picture Group president, "Microbudget films involved minimal overhead and very little risk, but a potentially high reward." 

They have released the names and information of the first three films to be developed. 

Rapturepalooza, with Craig Robinson starring as the Anti-Christ. Chris Matheson wrote the script and Paul Middleditch will direct. Mosaic and Ed Solomon are producing, with production to begin in the spring.

Gay Dude, a Superbad-style coming of age raunchy comedy. Two best friends vow to lose their virginity before graduating high school.  Then one confesses he's gay. Script's by Parks and Recreation writer Alan Yang, and it made The Black List. Laurence Mark produces with Jai Stefan.

6 Miranda Drive, a supernatural thriller from Wolf Creek writer/director Greg Mclean. Purported to be fact-based, the tale focuses on a family that unwittingly brings a supernatural force home with them from vacation. The evil presence feeds off their fears and secrets. Mosaic is producing with Mclean.

I think it's nice they aren't only making horror films, which is what I expected would happen when I first heard about this micro budget progam. What do you all think about the films they have lined up for this micro-budget program so far?