Buena Vista Intl. has picked up Latin American distribution rights to Chilean helmer Jorge Olguin's (Descendents) fantasy horror pic, Caleuche (The Call of the Sea), reports Variety. The long-gestating pic is shooting on the Chilean island of Chiloe, whose myths and legends inspired the story penned by Olguin and Carolina Garcia. Brazilian thesp and The Expendables hottie Giselle Itie stars alongside Catalina Saavedra (The Maid) and Marcelo Alonso ("Profugos"). Itie plays a terminally ill marine biologist, based in Boston, who keep a promise to her father to visit the island of her ancestors, where she discovers her family's links to a ghost ship, Caleuche. Co-produced by ChileFilms and Olguin Films, pic will feature CGI special effects plus full-size mock-ups of a tall ship that will be built at a hangar in Chile's capital, Santiago, where interiors will be shot.