Screen Daily is reporting that the Australia government’s film agency (Screen Australia) is providing support to a 3D film for the first time in history. The movie is none other than Bait 3D, a film about people trapped in a supermarket with man-eating sharks threatening them. It’s to be directed by Russell Mulcahy and released by Paramount.

Mulcahy has had a newfound surge in interest for his films since Not Quite Hollywood (review) was released and showcased the cult classic Razorback, but you probably know him better as the director of Highlanders 1 and 2. Here’s the synopsis for Bait 3D–

“In a sleepy coastal resort community, shoppers at an underground supermarket find themselves terrorized by a crazed bandit when the unimaginable occurs…

A monstrous freak tsunami swallows the town.

Now trapped inside a flooded supermarket with an armed maniac and rushing water threatening to entomb them all in a watery grave, the imprisoned band of survivors discover they’re not alone. The tsunami has brought some unwanted visitors from the depths. As the waters rise, they must overcome not only the threat of drowning but another threat, just as deadly and far more bloodthirsty … packs of hungry tiger sharks.”

All in EYE CURDLING 3D! Expect much more on this clearly important film as we hear it.