Loosely based on a short story by Edgar Allen Poe, project centers on a Harvard Medical School graduate who takes a job at an insane asylum, unaware of the fact that it has been taken over by its occupants. Joe Gangemi penned the screenplay.
A clutch of high-caliber talent has been interested in the long-gestating project over the past decade — Jodie Foster was looking to direct, while Ian McKellan and Natalie Portman had been mentioned in connection with starring roles.
Poe-themed projects are enjoying something of a revival. Among other pics inspired by the master of macabre is FilmNation’s James McTeigue-helmed “The Raven.”
Peli, who most recently directed upcoming alien thriller “Area 51” for Paramount, has branched out into producing. His recent credits as a producer include “Paranormal Activity 2” and the James Wan-helmed “Insidious,” which sold at the Toronto Film Festival to Sony Pictures Worldwide Acquisitions Group.