'Exists' directed by Eduard Sanchez

Hot on the tracks of Saturday’s midnight premiere at SXSW, Lionsgate has acquired the North American distribution rights to the Bigfoot found footage pic “Exists.” International Film Trust will rep international sales.

The horror film from “Blair Witch Project” director Eduardo Sánchez and screenwriter Jamie Nash marks Bigfoot’s return to the big screen. The movie, starring Chris Osborn, Dora Madison Burge and Roger Edwards, follows a familiar formula, but adopts a new spin on the Sasquatch myth.

It follows a group of five friends as they struggle to fight off the fabled predator during a camping trip in the remote Texas woods. Viewers took to Twitter following the early morning sold-out screening to write about how petrifying they found the pic.

“Exists” is produced by Jane Fleming, Mark Ordesky, Robin Cowie and J. Andrew Jenkins, and exec produced by George Waud, D. Todd Shepherd, Gregg Hale and Reed Frerichs.

“It is especially gratifying to sell the film at SXSW in Austin so close to Bastrop, Texas where we shot EXISTS with an amazing Texas-based cast and crew,” Fleming and Ordesky, who developed and produced the film with Haxan Films through their production company Court Five, said in a press release.

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