Relativity is in final negotiations to partner with Jason Blum’s Blumhouse Prods. to buy Oculus at the Toronto International Film Festival, Variety is reporting.
The deal was announced four days after Oculus world premiered in the Midnight Madness section at Toronto.
Relativity said it plans a wide release but has not set the date.
The film was directed by Mike Flanagan from a script he wrote with Jeff Howard, based on the short film that Flanagan and Jeff Seidman created in 2005.
“It is centered on a cursed 300-year-old mirror with a brother and sister (Thwaits and Gillan) finding the cause of their parents’ deaths — a mirror which has caused destruction in over its 300-year history.“
Karen Gillan, Brenton Thwaits and Katee Sackhoff star. The film was produced by Mark D. Evans and Trevor Macy via Intrepid Pictures.
FilmDistrict acquired U.S. distribution rights at Cannes last year but has backed away from that pact recently due to a proviso calling for a wide release. So the project’s U.S. rights were up for sale again through Paradigm.