The good folks at Magnet releasing have announced this week that they have acquired the US rights to new horror title Playback. The feature will star Christian Slater and feature Toby Hemingway, Johnny Pacar as well as Ambyr Childers. The general plot is described by Magnet as so:

“While digging into their town’s infamous past, a group of high school students unwittingly unlock a dark secret, unleashing an evil spirit that takes possession of its victims.”

Sounds spooktacular! You can check out the following trailer in order to build up some anticipation for the film. Magnet will release the film via their Ultra Video on Demand service in February, before a limited theatrical release in March of 2012.