According to Slashfilm, Director Barry Levinson (Good Morning Vietnam, Rain Man) is currently working on a zombie movie called The Bay.

It appears that they're taking the approach of using "found footage", video from cell phone cameras, 911 tapes, etc.  While I personally don't have a problem with this style of movie, I don't know how well camera phones and 911 tapes are going to translate to horror film.

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