The third installment in the hit shark thriller franchise 47 Meters Down is launching at the Cannes market. Series creator Johannes Roberts and screenwriter Ernest Riera, who wrote the first two films, have co-written the third installment: 47 Meters Down: The Wreck.

Veteran horror director Patrick Lussier (My Bloody Valentine) will direct. FilmNation, the sales agent on the franchise’s second installment, 47 Meters Down: Uncaged, is returning to launch worldwide sales in Cannes. The story will follow a father who is determined to rebuild his relationship with his daughter as they bond during a scuba diving in beautiful tropical waters while exploring a famous shipwreck. But soon after their descent, their master diver has an accident leaving them alone and unprotected inside the labyrinth of the wreck. As tensions rise and oxygen dwindles, the pair must use their newfound bond to escape the wreck and the relentless barrage of bloodthirsty great white sharks.

Production is being lined up for the fall with casting discussions underway.

via Deadline