Warner Bros. latest horror acquisition sees the return of the "prank gone wrong."

Deadline reports that Warners has picked up THE WAITING, a script from Mark Bianculli and Jeff Richard that tells of two high school filmmakers that the strange happenings that occur in the wake of a prank that causes a neighbor to believe in a haunting.

The site claims the film is described REAR WINDOW meets PARANORMAL ACTIVITY. No word if that means we'll be seeing another found footage film in the near future. 


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