47 Meters Down read my review(), the Mandy Moore and Claire Holt-starring shark thriller that took an unexpected $44 million bite out of the domestic box office this summer (and more than $53 million globally), is to be followed up with 48 Meters Down, says THR.

Johannes Roberts is set to return to write and direct the film, based on a script he co-wrote with his collaborator on 47 Meters Down, Ernest Riera.

“This time the action will move the deadly shark action from Mexico to Brazil and follow a group of girls looking for adventure in the coastal metropolis of Recife. Hoping to get off the well-worn tourist trail, they hear about some hidden underwater ruins only to find that the turquoise waves of their secret Atlantis aren’t completely uninhabited.”

Fyzz Facility is again producing and financing the project. Altitude Film Sales, who looked after sales for 47 Meters Down, are repping sales for 48 Meters Down and will introduce the film to buyers in Toronto.

“48 Meters Down will take the claustrophobia of cave diving and the thrill of shark encounters and move everything to the next level,” said James Harris of The Fyzz Facility.