Screen Daily reports that UK-based sales company Velvet Octopus will be launching sales in Cannes for S. Darko, billed as the sequel to the 2001 cult hit Donnie Darko. Fox has already taken North American rights for the $10 million-budgeted film.
Chris Fisher, who previously made Nightstalker and Rampage: The Hillside Strangler Murders, will direct.
Daviegh Chase reprises her role as Donnie's younger sister. The cast for S. Darko also includes Ed Westwick (Son of Rambow, Gossip Girl), Briana Evigan (Step Up 2 the Streets) and Justin Chatwin (Dragonball).
The story picks up seven years after the first film when little sister Samantha Darko and her best friend Corey are now 18 and on a roadtrip to Los Angeles when they are plagued by bizarre visions.
Producers have spoken to Richard Kelly about the project but he is not involved in any official capacity at this stage.