Russell Mulcahy will write and direct Bait, a 3-D action adventure shark movie.
The Hollywood Reporter says the project, set to begin filming on Australia’s Gold Coast this year, will be co-produced by Arclight Films and Australia’s Limelight.
The film is set in a coastal town where a freak tsunami floods and traps shoppers in a supermarket with an armed maniac and a pack of hungry tiger sharks that have been washed into the building.