‘Midnight Meat Train’ going directly to DVD?

I saw this trailer at the front of some movie and it looked pretty scary. Thought it was going to be a kick ass slasher for the box office, but now they are announcing its going to be a direct to DVD release! What?

horrorfilms.ca has some info:

“LionsGate / Maple Pictures emailed me last night to let me know that Midnight Meat Train will not get a theatrical release. It will be going straight to DVD despite all the fan buzz and hype for its release. This is despite earlier reports that it would be in theatres this May. Japanese director Ryuhei Kitamura makes his North American debut with Meat Train, Kitamura’s previous credits include Versus, Godzilla Final Wars, & Azumi.

In Midnight Meat Train, photographer Leon Kauffman is flowing up on a lead concerning a series of brutal murders on the subway. His search leads him to a mysterious man named Mahogany. Kauffman enters Mahogany’s realm and learns the secret behind the horror.”

Here is the trailer for your viewing pleasure: