Stalled Katie Holmes Horror Movie Comes Back to Life

Katie Homes, Guy Pearce, Guillermo del Toro
Katie Holmes and Guy Pearce
Evan Agostini/AP; AJBR/JPI

02/14/2011 AT 09:30 AM EST

There's light at the end of the scary tunnel: A new studio has stepped in and set a release date for a horror thriller starring Katie Holmes that had been shelved last year when its original studio, Miramax, was sold by Disney.

Don't Be Afraid of the Dark, directed by Pan's Labyrinth auteur Guillermo del Toro, will hit theaters Aug. 12 after the U.S. rights were picked up by FilmDistrict, according to the Hollywood Reporter.

The movie stars Holmes and Guy Pearce – who played Edward VIII, the Duke of Windsor, in The King's Speech – as a couple who are renovating a 19th-century home that turns out to have strange creatures living in the basement. Holmes comes to the aid of Pearce's daughter, who discovers the demonic forces.

The movie did well at Comic-Con last year and was supposed to be released in January, but the Miramax sale derailed those plans.

This isn't the first project with Holmes, 32, to hit a hitch lately. The Kennedys, an eight-part miniseries in which she plays Jacqueline Kennedy, was rejected last month by the History Channel, which wasn't comfortable with the "dramatic interpretation."

That series has since been picked up by ReelzChannel and will air April 3.

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