Okay, so I love a good horror movie. And I don't mind a few clichés. But what I hate more than death or taxes is goofiness. American horror too often goes for the goofy or the gross-out, and a lot of whatever genuine creepy you might get out of the concept is dissipated by the Beavis & Butthead-level jokes.
Reverb has none of that in it. What it does have is a somewhat standard horror trope--think _Cigarette_Burns_, if you've seen it--played absolutely straight for all the chills it can muster. There's a good performance by the female lead, who I hope to see more of. There's also some fine camera work (the lighting of the studio is a natural) and a nuanced bunch of cheap audio jump-thrills.
Now there are some plot holes. For instance, who might have been holding the camera in a pivotal bit of video (nobody mentioned could). There's also an awful lot of yelling at the screen, 'Just get out! No, dude. Just get out!' But I'll forgive a lot for a genuine chill or two, and I got them.
I don't know what movie the last reviewer saw, but this one's a pretty effective and moderately original bit of Brit-horror. 8/10, because frankly, low-budget horror has a pretty low bar.