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Magnolia Pictures' genre arm, Magnet Releasing, has acquired the U.S. rights to the indie horror film The House of the Devil.

House premiered at the Tribeca Film Festival a couple of months back, where IGN called it "an old-school tension builder, slowly ratcheting up the anxieties of the audience who, of course, is fully aware that something bad is going to happen to lead character Samantha (Jocelin Donahue). The film takes its time getting to the badness, but it's never frustrating despite its terror-penny-pinching ways. And when the truth is revealed and the horrible stuff starts to kick in, it happens quickly, skillfully, and rewardingly, menacing the viewer thoroughly and with an outburst of blood, screams, and revelations."

Ti West ("The Roost") wrote, directed and edited "Devil," an homage to 1980s horror films that premiered at the Tribeca Film Festival. It stars Jocelin Donahue, Greta Gerwig, Tom Noonan and Mary Woronov.

Pic's producers are Roger Kass, Josh Braun, Larry Fessenden and Peter Phok.

The film will hit theaters at Halloween, of course, in addition to being offered through video-on-demand in late September. Magnet has also been behind such critical genre hits as the excellent vampire film Let the Right One In and the nice little time-trippy Timecrimes.