Kathryn Newton (Ready or Not 2: Here I Come) is reteaming with Radio Silence and Project X on the horror film, White Elephant.

Nick Jonas (Power Ballad) also stars.

White Elephant’s logline is as follows: Eight friends. One prize. Zero trust. Their annual festive holiday gift exchange spirals into a cutthroat game of Christmas carnage.

Eli Craig (Clown in a Cornfield) directs from a script he wrote with JT Billings.

MRC is the studio financing the film with Spencer Berman, Nick Jonas, William Sherak, Paul Neinstein, James Vanderbilt, Tyler Gillett, and Matt Bettinelli-Olpin producing. Exec producers are Billings, Ryan McDonough, Amanda Drake, Newton, Scott Levine, and Chad Villella.

Production on the film began this week.

Deadline first reported on the film.