’47 Meters Down’ Threequel ‘The Wreck’ Launching At Cannes Market For Byron Allen, Tea Shop & FilmNation; Patrick Lussier To Direct Johannes Roberts & Ernest Riera’s Script

Shark in the water! The third installment in the hit shark thriller franchise 47 Meters Down is making waves at the Cannes market.

Series creator Johannes Roberts and screenwriter Ernest Riera, the masterminds behind the first two films, join forces again for the third installment: 47 Meters Down: The Wreck. Esteemed horror director Patrick Lussier (known for My Bloody Valentine) is set to helm the project. FilmNation, the sales agent for the franchise's second installment, 47 Meters Down: Uncaged, is back to handle worldwide sales at Cannes.

The narrative centers on a father's quest to mend his relationship with his daughter during a scuba diving expedition in stunning tropical waters, exploring a renowned shipwreck. However, their adventure takes a perilous turn when their lead diver suffers an accident, leaving them stranded and vulnerable inside the labyrinthine wreck. With tension escalating and oxygen running low, the duo must rely on their newfound bond to evade the dangers lurking within the wreck and the relentless pursuit of bloodthirsty great white sharks.

Production is slated to kick off in the fall, with casting discussions already underway. Byron Allen's Allen Media Group Motion Pictures (AMGMP) and James Harris and Mark Lane's Tea Shop Productions are spearheading the project, with Roberts promising it to be the "biggest" installment yet. Producers include James Harris, Mark Lane, and Johannes Roberts, with Byron Allen, Carolyn Folks, Jennifer Lucas, Chris Charalambous, and Matthew Signer serving as executive producers.

While Byron Allen handled the U.S. releases for the previous two films, a domestic distributor for the third installment has yet to be finalized. Despite this, the franchise has proven its profitability, with the first film grossing $62M theatrically and the second earning $47M, both on relatively modest budgets.

"47 Meters Down: The Wreck is the perfect continuation of our shark-filled franchise," remarked Byron Allen, founder/chairman/CEO of Allen Media Group. "This film will once again have moviegoers terrified and on the edge of their seats."

"We can’t wait for audiences to be trapped underwater with us again,” added filmmaker Johannes Roberts. “47 Meters Down: The Wreck is going to be the biggest, most-intense film of this franchise."

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