Raimi, who got his start with the "Evil Dead" horror films, will produce the film with Nathan Kahane and Roy Lee, and oversee the search for a director, the industry publication said Friday.
David Lindsay-Abaire, who worked with Raimi on "Oz: The Great and Powerful," will write the script about a family whose house was built on cursed land.
Raimi is currently producing a remake of "Evil Dead," directed by Fede Alvarez.
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