Director Barry Levinson's horror project The Bay has just added Paranormal Activity producers Oren Peli, Jason Blum and Steven Schneider, according to Screen Daily.

The movie, which was formerly known as Isopod, has already started shooting in South Carolina and is told through a series of 911 calls, cameraphone videos and other bits of media as the town of Claridge, Maryland is thrust into an eco-disaster that brings chaos and misery.

No further details on this mysterious movie were revealed at this time. We'll be sure to keep you posted with any more information on The Bay as soon as we have it.