Jorge Olguin helming 'Los Elementales'

Hollywood Studios Intl. is boarding Chile’s first live-action 3D pic, “Los Elementales” (The Elementals).

Jorge Olguin, who made the first horror/fantasy pics to come out of Chile, begins helming in late May, with Cristian Campos, Loreto Aradena and Sofia Kaufmann to star. Dave Brown, prexy of HSI’s management arm, Artist Intl., will produce. HSI Chairman/founder Steven Saxton will executive produce.

Olguin is keeping the budget under $1 million by limiting the number of thesps and locations. Co-producer VisualBox Chile will provide 3D cameras and post-production facilities.

“Los Elementales” will be shot mainly in English with some Spanish and the local indigenous dialect, Mapundungun.

Described as “Pan’s Labyrinth” meets “Avatar,” it tracks a young girl (Kaufmann) who meets the ethereal creatures of a forest. They seek to convince her — and the dam-building company her father spearheads — not to destroy their ecosystem. Pic will shoot for three weeks in the Arauco region, which continues to be the site of political and ecological conflicts.

Olguin’s credits include “Angel negro” (Black Angel), “Sangre eterna” (Eternal Blood) and “Solos” (Descendants). His “Solos” — Chile’s first zombie pic — was shot in English for seven days for $200,000. Olguin is repped by Chris Sablan of Original Artists and Brown.

HSI is likely to board Olguin’s long-gestating pic “Caleuche,” which has been pushed to the fall with Leonor Varela set to topline it.

HSI Films prexy Eric Christenson will be taking “Los Elementales” to Cannes to kick off presales.

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