The movie was directed by Richard Stanley and is based on the short story by H.P. Lovecraft in which a meteorite crash poisons the fictional town of Arkham, Massachusetts.
This won’t be the first time Lovecraft’s short story has been made a feature film. The Color Out of Space “Die Farbe” is a German-made movie released in 2010 from director Huan Vu.
Color Out of Space (2019) is list-priced $29.99 (Blu-ray), $35.99 (4k Blu-ray), and DVD $29.99. Order from Amazon
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The first film version of the story that I have seen was “Die, Monster, Die” staring Boris Karloff and Nick Adams