Universal and Relativity are teaming up to release Sanctum, the underwater 3-D drama executive produced by James Cameron, says Variety.
The film will go out under the Rogue label via its distribution arrangement with Universal. Universal will handle distribution and marketing.
The film was originally developed at Rogue before Relativity bought the genre label from Universal.
The $30 million movie will shoot later this year in Australia and will have a late 2010 release. It will be directed by Alister Grierson from a script by Andrew Wight and John Garvin.
Sanctum was inspired by Wight’s near-death experience of leading a diving expedition miles into a system of underwater caves, then having to find a way out after a freak storm collapsed the entrance.