The best thing you can say about this film is that, like the Blair Witch and Paranormal Activity, the creators managed to create a very real sense of 'this is real; this all actually happened' around it and those comparisons seem to have been made across many reviews I've read.
However, that is where any similarities end.
I've read time and again that the 'found footage' genre is stuck in a rut and that it's all been done to death and should be laid to rest for our own good. On the contrary, I'm one of those heathens that actually thinks that, when done well, it still has bags to offer and can be very effective and often terrifying.
The Blair Witch and Paranormal Activity were nothing new - they just perfected the use of the 'shaky cam' and discovered footage techniques to create very subtle scares and truly play on the 'what you can't see is always scarier than what you can' and Paranormal Activity was so effective at this that it actually had my then girlfriend - now wife - in tears on the couch watching this.
Watching 'The Upper Footage' could well also have you in tears but not for the right reasons, as it's an incredibly slow, boring movie. Classed as a 'horror' (depending where you look), the only thing horrible about the movie is how the main characters treat other human beings.
I found this aspect very realistic, having spent time at university with a number of 'privileged' individuals who didn't care in the slightest about how their actions affected other people.
This appears to be the driving point of the whole movie - how young, rich socialites will - and can - get away with murder, literally, as a direct result of their actions and how they will go to real lengths to cover this up. All in all, this could've made for a real interesting movie but little happens for the first 65-70 minutes. Even when we reach the point where the movie should pick up, it still feels very underwhelming.
Not even the girl that gets picked up near the beginning gets any sympathy from me, as she allows herself to be the entertainment for the rich kids, and as her face is pixelated the entire time she's on camera, it's even more difficult to relate to her in any way.
All-in-all, a pretty poor attempt at a different sort of 'found footage' movie, with little to recommend it.