Cerenzie-Peters eyes 'Devil'

Picked up remake rights to the Thai horror series

Cerenzie-Peters Prods. has picked up remake rights to the Thai hit horror series "Art of the Devil," whose third installment debuted as the No. 1 movie in the Asian country.

CP principals Michael Cerenzie and Christine Peters are producing alongside Eric Thompson and Tim Kwok of Convergence Entertainment.

While each installment of the series follows a new story line, what links them are the themes of revenge, black magic and mysterious deaths. CP will begin by focusing on the second installment, which featured a group of high school kids who fall victim to supernatural tattoos.

The latest movie, released April 3 in Thailand, earned more than $2.5 million during its first weekend to lead the domestic boxoffice. That beat out the $2.1 million raked in by "Jumper" and the $1.8 million grossed by "10,000 BC."

"Devil," which cost less than $1 million to make, has already been sold to more than 40 countries.

CP will produce the project via its genre division, which just signed a $100 million production financing partnership with Ghostrider Entertainment. Thompson, who recently joined CP to head the new genre arm, was responsible for acquiring the franchise from Bangkok-based Five Star Production, one of Thailand's oldest production and distribution houses.

Colin Geddes will co-produce.

"There is a wealth of material that we feel culturally translates extremely well from the pan-Asian regions, and we feel we have an amazing franchise on our hands," Peters said.

Meanwhile, CP is starting preproduction on horror film "Rites of Spring." Also, Kwok's Convergence is in preproduction on "Clocktower," helmed by Eric Valette ("One Missed Call").
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