New Line Cinema has acquired Superstition from producer Jason Blum's Blumhouse Productions, marking the Warner Bros.-based company's first acquisition in eight years.

First-time directors Chris Lofing and Travis Cluff are behind the film, with footage they posted on YouTube attracting the attention of Film 360, the production arm of Management 360. The company approached Jason Blum with the project, which lead to the directors shooting the feature on a micro-budget with an unknown cast. The finished film was screened for New Line in May. The found footage thriller is set at a high school, although no other plot details have been released.

Here's what New Line's executive VP of strategy and operations, Carolyn Blackwood, had to say about the project in a statement.

"It's a genre we have a great affinity for, and our team is particularly skilled at sizing up what will work with a youth-oriented audience. Superstition was special because it gives us the opportunity to work these young filmmakers who could be the next James Wan and to be in business with Jason."

New Line is planning a 2016 release for Superstition, which will be produced by Jason Blum, Dean Schnider, Guymon Casady and Ben Forkner. The company had not acquired a movie since 2006, when its Picturehouse division picked up La Vie en Rose at the Cannes Film Festival. New Line's horror-thriller The Conjuring was one of the most profitable films of 2013.