Hatchet and Hatchet 2 director Adam Green is parting ways with Anchor Bay and teaming up with production company ArieScope Pictures and distributor MPI Media Group's genre arm Dark Sky Films, both of which specialize in horror, to carry the horror franchise.

According to Variety, the original pic played in very limited release and pulled in negligible box office dollars, but the DVD has moved between 300,000 and 500,000 units for Anchor Bay -- an impressive ROI for a movie with a reported budget of $1.5 million.

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Hatchet 2 stars Danielle Harris, Kane Hodder, A.J. Bowen, Tom Holland, R.A. Mihailoff, Tony Todd, Alexis Peters, Parry Shen, Kathryn Fiore and Nick Principe.

In the sequel, Marybeth escapes from the clutches of Victor Crowley and learns the truth about his curse. She heads back into the haunted New Orleans swamp to seek revenge for her family and kill Victor Crowley once and for all...

No theatrical release date has been announced.