SXSW is in full-force this weekend, and after a successful midnight premiere, it looks like Lionsgate has acquired the Bigfoot found footage thriller Exists.

Eduardo Sánchez, director of the now infamous The Blair Witch Project, returns to the genre he helped create with this tale of five friends who must battle the legendary monster during a camping trip in the remote Texas woods. The movie sets out to put a new spin on the Sasquatch myth.

Twitter was flooded with fan reactions after the premiere screening, eager to express how genuinely creeped out they were by the sold-out screening. The film stars mostly unknowns, including Roger Edwards, Madison Burge, Brian Steele, Denise Williamson and Samuel Davis.

In a statement following the acquisition, director Eduardo Sánchez said,

"I'm really excited about working with the talented team at Lionsgate. We've had great history together and they really understand Exists and see the tremendous opportunity to reboot Bigfoot for a new generation."

Jane Fleming, who developed and produced the film alongside Mark Ordesky and Haxan Films, with Court Five, had this to say:

"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. We look forward to working with Lionsgate to bring Ed's vision to the masses."
B. Alan Orange at Movieweb
B. Alan Orange