Perhaps the biggest buzz coming out of this year’s Toronto International Film Festival came from its even-better-than-usual crop of late night genre films that form their Midnight Madness program. The Midnight Madness film that kicked off this year’s slate of genre weirdness and won the Cadillac People’s Choice Midnight Madness Award was Gareth Evans‘s action extravaganza, The Raid, which has already been picked up for a Hollywood remake. That’s not all that’s been going on, though, the good news keeps on coming for the Midnight Madness films, as one of Deadline Mackville’s annoying “Toldja!” reports is saying that director Adam Wingard’s horror film You’re Next is coming out of the other end of a studio bidding war as the property of Lionsgate.

You’re Next is one of those “couple gets trapped in a cabin and has to fight off invading murderers” horror movies, and Lionsgate bigwig Jason Constantine says of the acquisition, “this project represents everything that we look for in a horror film. It is a celebration of its genre, featuring top-notch performances from a sophisticated script, brilliantly directed, that will leave audiences on the edge of their seats when they’re not jumping out of them.”

What does this deal mean for the movie? Well, first off, the deal took a while to be finalized, and part of that is because The Weinstein Company, Paramount, and probably a few others were also interested in picking up the film, but another part of it is because the filmmakers wanted to make sure they kept strict control of possible sequels.

If this thing breaks out like last year’s Toronto horror darling Insidious did, they want to be able to control the direction of the franchise. And there’s a good chance that You’re Next might break out, because Lionsgate has a wide release planned for the film, most likely in the fall of 2012. That’s a long time to wait, but isn’t the big build one of the most important parts of horror?

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