A harder taskmaster would have spun three decent movies out of this mediocre mash up.
The build up shows a neat idea: throwing a 'third (wo)man' in between the usual intimate thriller duo. The 'art horror' setting, duly minimalist, had the potential to bring out the best from this simple idea (and having found I Love Dick terribly boring, hoping all along for Kevin Bacon to be revealed a murderous psychopath, this would have indeed been *cathartic*).
Unfortunately half-way through the script changes gear and attempts a hallucinatory psychological thriller. They don't have the budget nor the team to meet their own expectations, and furthermore, cannot decide between two ideas which, taken separately, were interesting enough: turning Carrington's visions into Clive Barker-style monsters, or sticking unfolding the horrific potential of classical tragedy.
La mayonnaise ne prend pas. The visuals are neither mad enough to justify the bargain bin quality of their effects, nor are the actors up to the self-involved monologues flaunting cultural references (despite having performed very well in the first half). The whole thing seem rather amateurish and pretentious, and the awkward conclusion remind us that the feminist vengeance flick, however exciting it once was, is fast turning formulaic.