Lantica Media and Pinewood DR Studios have set the first feature for the new Dominican Republic facility’s 65,000-square-foot water tank: “47 Meters Down,” a thriller starring Claire Holt and Mandy Moore as fun-loving sisters on vacation who decide to go cage-diving to view great white sharks.

Producers are Mark Lane and James Harris for the Tea Shop & Film Co., with the Fyzz Facility and Lantica co-financing. Johannes Roberts is directing from his own script, with Dimension Films set to distribute. “They’ll have access to the most sophisticated water production capabilities currently available,” says Lantica CEO Antonio Gennari.

In the film, when the shark cage breaks free from the boat and sinks, the women find themselves trapped at the sea bottom with less than an hour of oxygen left in their tanks. They need to swim to the top through 47 meters (about half a football field) of shark-infested waters.

The new studio, a Lantica company managed by Pinewood Group, also provides stages, studio space, bluescreen capabilities and an eight-acre water-effects facility. The Dominican Republic offers a production incentive of up to 25% of all eligible above-the-line and below-the-line expenditures, with no funding caps.