Australia continues to make waves in the horror genre with the upcoming release of 'Penny Lane Is Dead', directed by Mia'Kate Russell. This blackly comedic horror film is set to premiere at the Fantasia Fest in Montreal from July 16 to August 2. The film's poster features a chilling scene reminiscent of classic horror tropes, showcasing the cast in various states of distress. Set in the summer of 1986, the plot follows Penny Lane (played by Bailey Spalding) as she celebrates her university acceptance with friends, only to be disrupted by her troubled cousin Kat and her dangerous boyfriend Angus. The film promises a mix of blood, violence, and dark humor, echoing the rich tradition of Australian horror that includes iconic films like 'Wake in Fright' and 'The Babadook'. 'Penny Lane Is Dead' will be released in Australian theaters on July 23, with a North American release planned for later.