Fede Alvarez, the Uraguayan filmmaker behind the YouTube sensation short "Panic Attack!," has signed a holding deal with Ghost House Pictures to develop and direct an original genre project.
Alvarez made "Attack!," about giant robots attacking Montevideo, for several hundred dollars. The same day he posted, Hollywood, impressed by what he was able to do imaginatively accomplish for such a small budget, came calling. A week later he arrived in town to face a full court press of agents, managers, execs and producers.
Alvarez ended up signing with CAA, Anonymous Content and attorney Karl Austen the week before Thanksgiving and entered immediate talks with Ghost House after bonding with its principals, which include director Sam Raimi.