Deadline is reporting that Magnolia Pictures are closing a deal to acquire horror found footage anthology S-VHS. Magnolia acquired the first film, V/H/S, but this new deal is worth much more than the previous film.
Magnolia won an auction that included Lionsgate and Drafthouse, and with those big companies involved it is clear Magnolia is on to a winner with this bigger and scarier sequel. The deal with Magnolia has been made for just over $1 million.
S-VHS came out of nowhere, and premiered at Sundance this past weekend. Early reviews are calling it even better than the first film:
From Drew McWeeny at HitFix (Review Here): “Gareth Evans is the man behind “The Raid,” and Timo Tjahjanto made the deeply upsetting “Macabre,” and evidently what happens when you put the two of them together is they make a movie that provides more character depth than most full-length features in the genre, a gigantic idea in terms of scale, and a lesson in just how much terror you can take before you reach your breaking point…let me say, there is a sustained crescendo of horror in this segment that is one of the most dazzling, disturbing, aggressive sequences ever choreographed for the movies.”
From Devin Faraci at Badass Digest (Review Here): “…they fixed almost everything wrong with the first movie and delivered an anthology whose worst segment qualifies as pretty damn good. And it’s best segment? Almost transcendentally great… S-VHS is clever and fun and effective, but most of all it’s really fucking good.”
From Sam Zimmerman at Fangoria (Review Here): “S-VHS is a rare breed of anthology in which every segment is not only good, but cracking with creativity, even. And lots and lots and lots of blood. ”
From Germain Lussier at Slashfilm (Review Here): “the formula from the first film, streamlined it and pushed the envelope even further. What remains is not only a horror anthology better than the original, but proof positive this franchise has some serious legs.”
The directors for S-VHS include Gareth Evans ( The Raid and Merantau), Eduardo Sanchez (Lovely Molly, The Blair Witch Project) along with his producing partner Gregg Hale, Jason Eisner (Hobo With A Shotgun) and Timo Tjahjanto (Macabre, The ABC’s of Death) will be joining returning writer and director Adam Wingard (V/H/S, You’re Next, A Horrible Way To Die), and writer/producer Simon Barrett (V/H/S, You’re Next, A Horrible Way To Die) will be making his directorial debut.
When a sleazy PI and his assistant are hired to find a missing student, they break into his house to find evidence of his whereabouts. Inside they find a hub of recording equipment and monitors surrounded by stacks of VHS tapes. They check the footage for clues to the boy’s disappearance, opening up an endless stream of horrifying videos. But the changes that the videos cause may be even more horrific… 5 more tapes. 5 more stories. More will be revealed.
(Sources: Deadline, Bloody Disgusting)