The Hollywood Reporter
http://www.hollywoodreporter.com/heat-vision/fox-developing-female-fronted-found-403636
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THR reports that Fox has picked up an untitled found footage project written by Lindsay Devlin with directing team Radio Silence on board to helm. John Davis is producing via his Fox-based Davis Entertainment banner. Davis dipped into his discretionary fund to acquire the project as a pitch back in the spring. Devlin then wrote the script, attracting the directing team which is comprised of Tyler Gillett, Matt Bettinelli-Olpin, Chad Villella and Justin Martinez.
The logline is being kept secret to protect the idea from falling into the wrong hands, but it is described as being female-driven and having horror elements.
Look for more on this one soon.