According to Variety, Relativity and Universal will be teaming up to release Sanctum. The film is an underwater 3-D drama that is supported by James Cameron.
The companies have agreed to dole out an "$11.5 million minimum guarantee to distribute in North America, the U.K., Australia and New Zealand."
The film will be released under the Rogue label through its distribution arrangement with Universal. The film will have a 2,000-screen domestic rollout. Universal will also handle distribution and marketing.
Sanctum was initially worked on at Rogue before Relativity bought the genre imprint from Universal.
Sanctum has a budget of $30 million and will shoot later this year in Australia.
Directing Sanctum will be Alister Grierson (Kokoda). The script was written by Andrew Wight and John Garvin.
Sanctum is based on an almost fatal experience that Wight had while leading a diving expedition through underwater caves.