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Killer Films, the production company that brought audiences the "angry inch" that shook the world, will soon enter a surprising and unknown territory: children's films. The company broke cinematic grounds in 1991 with the release of Todd Haynes' first film, Poison, which played a pivotal role in the launching of the New Queer Cinema movement.

A Thousand Years of Good Prayers, winner of 4 awards at the San Sebastian Film Fest, has been picked up by Magnolia Pictures. Directed by Wayne Wang, the film is a return to his indie roots following a succession of sappy commercial fair including the Queen Latifa starrer Last Holiday and J-Lo’s Maid in Manhattan.

THR reports that the thriller Red, directed by Trygve Allister Diesen and Lucky McKee, has been picked up by Magnolia Pictures. The pic premiered at Sundance earlier this year and stars Brian Cox as an elderly man seeking revenge for the thoughtless murder of his dog by teenagers.

When Jakob was a boy, the last thing his mother said to him as she hid him underneath a covered table was not to come out, no matter what. In the moments that followed, Jakob watched as his mother took a rifle to her head, his father then shot dead and his older sister was dragged out of their home by her hair. It’s no wonder Jakob would grow up to become a man who lives his life as if he were still cowering under that same table.

Following the critical and commercial shortfall of his self-remake Funny Games, famed Austrian filmmaker Michael Haneke will return to Europe for his next film Das Weisse Band (The White Tape). Shooting is set to begin in June and throughout the summer, with additional shooting in the winter.