Magnolia Insert Jacob Vaughan’s “Milo” into Schedule; SXSW Fave Gets Adopted Early

Among the 2013 SXSW Film Festival highlights (it played like gangbusters at its world premiere screening at the Alamo Ritz), Deadline reports that the horror comedy from first-time helmer and Duplass bros. film editor Jacob Vaughan scored a deal with Magnolia Pictures. Look for Milo to tour the Fantastic Film Alliance circuit with possible stops in Montreal, Los Angeles, Toronto and perhaps Sitges before settling down for a theatrical/VOD release.

Gist: Co-written by Vaughan and Benjamin Hayes, this ode to Gremlins, E.T. and a slew of bodily functions B-type comedies, this features the believable Ken Marino, as a desk job/hubby who discovers that his chronic stomach problems are due to the fact that he has a demon baby living in his colon.

Worth Noting: For the past decade, Vaughan has been hard at work in American indie film scene – he produced, shot, and edited the Independent Spirit Award nominated Dear Pillow, and after that edited In Search Of A Midnight Kiss, Cyrus, Jeff, Who Lives At Home and Black Rock.

Do We Care?: Working with perhaps the year’s most silliest premise, Marino and Peter Stormare deliver the goods — and the actual design of the creature culminates into a generous laugh per minute type of experience. Plus producer Adele Romanski has been on a hot streak of her own getting distribution deals for Sundance and SXSW preemed titles: The Freebie, The Myth of the American Sleepover and Black Rock.