TWC-Dimension announced today that they have acquired worldwide rights to Intrepid Pictures' supernatural thriller The Bye Bye Man, with a proceed-to-production commitment.

The script was adapted by Jonathan Penner (Let The Devil Wear Black) from the short story "The Bridge to Body Island" by Robert Damon Schneck, which chronicles the harrowing events experienced by three Wisconsin college students in the early 1990s. Stacy Title (The Last Supper, Snoop Dogg's Hood of Horror, and the Oscar-nominated short Down on the Waterfront) will direct. The log line and plot details are currently being kept under wraps.

Trevor Macy will produce through his Intrepid Pictures banner with Marc D. Evans and David Prior as executive producers. Overseeing production for TWC-Dimension are Matthew Signer, EVP of Production and Creative Affairs for TWC-Dimension, and Keith Levine, SVP of Production and Development.

Here's what Matthew Signer had to say in a brief statement.

"There are only a few truly scary and iconic characters within this genre, and we think The Bye Bye Man, has the potential to be the next one. Trevor and Stacy will be great partners in bringing this fantastic and terrifying script to the screen."

Producer Trevor Macy had this to say in his statement.

"TWC-Dimension saw the potential in this project from very early on, and their enthusiasm makes them a great home for the movie."