The pic is the first in a series of horror films from M. Night Shyamalan and Media Rights Capital.
According to Variety, Devil is a supernatural thriller based on an original story by Shyamalan, who’ll produce with Sam Mercer under The Night Chronicles production banner. The Dowdle siblings will also serve as executive producers.
Their aiming for a PG-13 rating and will begin production next year.
MRC set The Night Chronicles as a financing and production partnership with Shyamalan in July. The company’s goal is to generate one genre film per year over three years, with Shyamalan hatching the ideas and overseeing the selection of talent the creative direction. Shyamalan will co-own the film copyrights and retain artistic control while MRC makes distribution deals, as it does on all the pictures it finances.