March 6th, 2012
10:43 AM ET
The project reportedly had an original budget of more than $100 million, which is said to have been slashed down to $5 million. McG was attached to direct the high-budget version, but the lower-cost concept doesn't have a director yet. Michael Bay still serves as one of the producers, and Universal has tapped Jason Blum to produce the project as well.
Blum, of Blumhouse Productions, is also behind the successful "Paranormal Activity" movies, which easily recoup their tight budgets at the box office.
Plot details are light, but considering it's centered on the Ouija board, we can only guess that it would involve the supernatural.
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