According to Variety, "Villains" is about a pair of amateur criminals who stumble on a dark secret after breaking into a suburban home. They have to escape from two sadistic homeowners will do anything to keep their secret from getting out, which makes this sound a lot like "Don't Breathe."
We assume that the two young leads will be the amateur criminals, but after Pennywise, playing a "sadistic homeowner" would be a cakewalk.
Dan Berk and Robert Olsen will direct. They previously wrote, produced and directed the similar-sounding "Body," in which three co-eds break into a secluded mansion on Christmas Eve.