The Wrap reports that the specific details about the script - the most recent version of which was drafted by Justin Doble - are being kept a secret, but the tone and budget of the film are very reminiscent to the film Cloverfield. The movie is also said to feature aliens, but we do not have any additional information on the extra terrestrials part in the film.
Originally the project was housed with Paramount, but it moved to Sony after Bad Robot had repeated difficulties getting lower-budget projects off the ground. Once Paramount let go of the developing film, it was snatched up by Sonys Michael DeLuca (this is his third acquisition since the infamous Sony hacks), who will oversee the project on behalf of the studio. It seems like Sony is quite keen to get this project rolling, and part of the negotiations on the project was "aggressive progress to production" language. If thats true, we might not have to wait terribly long to get some more details on the script.
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