For those of you who are unfamiliar with Oren Peli, his three Paranormal Activity films have grossed over half-a-billion dollars and is the creator of ABC’s The River, a horror-thriller set deep in the Amazon rain forest. Back in November, we had word that Peli was developing a new horror feature that was filming in Eastern Europe. Now titled Chernobyl Diaries, the film was recently acquired by Alcon Entertainment. The synopsis is as follows:

An original story by Peli, Chernobyl Diaries is set in the city of Prypiat that once housed the workers of the Chernobyl nuclear reactor, the horror-thriller follows a group of friends who, while vacationing in Europe, find themselves stranded in the abandoned city only to discover that they are not alone.

Chernobyl Diaries is expected to release this Memorial Day Weekend. Hit the jump for the full press release.

Oren Peli had one of the greatest indie horror successes of recent years with Paranormal Activity. What started as a $15,000 project filmed in the first-time director’s house quickly turned into a viral phenomenon and a $193,000,000 worldwide hit. Now Peli is a major player in genre film. He’s already got his own horror production company, plus a follow up directorial project called Area 51 in the can for Paramount, and today it was announced that he will be directing a new horror film for FilmNation. No title is in place and details are being kept scarce for the time being, but the project will definitely involve some of the supernatural shenanigans that made Peli’s name and will be made outside of the influence of a Hollywood studio. Hit the jump for more details on the upcoming horror project.