The story centers on a brother and sister sent for a week to their grandparents’ remote Pennsylvania farm, where they discover that the grandparents are involved something deeply disturbing.
Shyamalan is producing through his Blinding Edge Pictures, while Blum produces through his Blumhouse Productions with Mark Bienstock. Steven Schneider and Ashwin Rajan are executive producing.
The film has already been shot with cast members under wraps.
“The Visit” is the first Shyamalan film to be released by Universal. The filmmaker saw his greatest successes at Disney with “The Sixth Sense,” “Unbreakable” and “Signs.” Sony released his “After Earth” last year and saw moderate returns with $240 million worldwide on a $130 million budget.
News about “The Visit” was first reported by Deadline.com.
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Universal also has retitled another Blum horror-thriller “Cybernatural” as “Unfriended” and moved it back a week to an April 17 release date.
The film, unfolds over a teen girl’s computer screen as she and her friends are stalked by an unseen figure who seeks vengeance for a shaming video that led a bully to kill herself a year prior.
The film was developed and conceived by Timur Bekmambetov and directed by Levan Gabriadze from a script by Nelson Greaves. Besides Blum, producers are Bekmambetov and Greaves.
Blum, who developed the low-budget “Paranormal Activity,” “Purge” and “Insidious” franchises, signed a 10-year first-look deal with Universal this summer.