After he played his mood reel we were all the more curious about this proposed project of his but perhaps at the back of our minds we all thought no one would go for it. Fast forward to today and EW is reporting that SpectreVision (Cooties and The Boy) have come on board as producers.
The film is an adaptation of famed "weird" author H.P. Lovecraft's short story, "The Colour Out of Space," about a meteorite that drives people insane. Stanley will direct and pen the screenplay for the project, which he has been working on for several years. "There needs to be a scary Lovecraft movie," Stanley said last year. "I want to make a bad trip film and 'The Colour...' definitely has what it takes to be a very, very bad trip indeed."
Stanley has been working on this script for a while now and will direct the film when it goes into production in early 2016. Casting is underway"H.P. Lovecraft is the undisputed father of literary horror, and yet, bafflingly, there has yet to be a cinematic treatment that captures the dark beauty of the man's oeuvre," said SpectreVision cofounder Daniel Noah, in a statement. "Richard Stanley's note perfect adaptation of Color Out of Space represents an epiphany for me -- as it no doubt will be for legions of Lovecraft devotees around the world."