Paramount Pictures has purchased the rights to a sci-fi/horror short film directed by Clark Baker called Vessel. The studio has brought on The Grudge screenwriter Stephen Susco to write the script for the film.
The movie is described as being in the vein of Alien, The Thing and Close Encounters of the Third Kind, and would tell the story of "a group of airplane passengers who encounter an otherwordly force shortly after takeoff and are thrown into a fight for their lives." The short blended practical creature effects with modern VFX, and I imagine they will incorporate those in the feature film as well.
The short Baker made was funded through Kickstarter, and I thought it turned out great! It should make for an awesome feature film! You can watch the short below if you haven't seen it yet!