Update: Having spoke with people involved with the film, Dimension U.S. fully owns Piranha 3DD and will be the first to release it (potentially spring 2012) worldwide. Other markets will follow. Thus, the following story is bunk.

According to the British Video Association, Dimension Films’ Piranha 3DD, the sequel to the remake that reteams Feast director John Gulager with writers Patrick Melton and Marcus Dunstan, has been pulled from its UK theatrical slot and instead will be dumped direct-to-disc on March 9, 2012. While the news is being downplayed on other websites, this definitely has repercussions here in the States. In other words, if Dimension Films is to release Stateside, it’ll need to be in theaters before March 9.

This sounds a bit fishy. More news as it comes in; until then, inside you’ll find the UK synopsis for the flick starring Danielle Panabaker, Matt Bush, Chris Zylka, David Koechner, Meagan Tandy, Paul James Jordan, Jean-Luc Bilodeau, Hector Jimenez, Adrian Martinez, Clu Gulager, Gary Busey, Katrina Bowden, Christopher Lloyd, Ving Rhames, Paul Scheer, and even David Hasselhoff. “Horror sequel in which a species of violent prehistoric piranha continue to terrify a small town. The chaos unleashed in ‘Piranha’ (2010) by a group of the omnivorous fish, set free by an earthquake that split the floor of a lake, may only have been the beginning. The tests of marine biologist Carl Goodman (Christopher Lloyd) indicate that these fish were only adolescents, suggesting their parents would be even fiercer adversaries. When the piranha make their way into the town’s plumbing system, the terror spreads. Soon swimming pools and even the town’s brand new waterpark are infested by the bloodthirsty critters. Can the town’s residents, marshalled by survivor of the first movie Deputy Fallon (Ving Rhames), find a way to combat their sharp-teethed tormentors?”