Last Summer 2: Ural Psycho (2009)

Original title: Последнее лето 2: Уральский психопат

Observers are ordinary inhabitants of the Earth, but their goal is to capture as much 'Cruel Video' as possible and sell the material on the internet. A group of observers is offered to find the body of a hanged student in the forest for a good reward. They agree and fall into a deadly trap because the Ural Psychopath is hunting them.