Lionsgate has picked up the distribution rights to 'The Cabin in the Woods,' a long-on-the-shelf horror film starring 'Thor's' Chris Hemsworth, Oscar nominee Richard Jenkins and Bradley Whitford, Deadline reports. The MGM film was directed by 'Cloverfield' writer Drew Goddard, who co-wrote the screenplay with 'The Avengers' director Joss Whedon.

'Cabin in the Woods' was originally set for release by MGM in Oct. 2009, but the studio pushed the release back so it could convert the film to 3D. Amid financial turmoil, the studio filed for bankruptcy protection in late 2010, only to emerge from the filing less than two months later under new management. 'Cabin' was one of many films that were put in limbo during the financial trouble.

Lionsgate is expected to release the film this fall. The studio is no doubt hoping to capitalize on the international fame 'Woods' star Hemsworth will likely reap after 'Thor' opens in May.

'The Cabin in the Woods' has received positive buzz from early screenings. While an official release date has not yet been announced, Deadline expects the film will finally see the light of day in October.

Whedon discussed the film's delay at Comic Con last year. Watch: