Now, this would be a monster company.
Blumhouse Productions–led by Jason Blum–and Atomic Monster Productions–headed by James Wan–are planning a major merger that could change the landscape of horror, according to a report in The New York Times.
The deal–said to be in “advanced talks”–would create a “sprawling horror film factory that would bolster their studio partner, Universal Pictures,” the newspaper said. The merger reportedly will become reality sometime in the first quarter of 2023.
Blumhouse Productions–which has a first-look deal with Universal–has racked up some $5 billion in ticket sales, most recently with The Black Phone and Halloween Ends. On tap for Blumhouse is M3GAN–slated for a theatrical release Jan. 6, 2023–and the first entry in a sequel trilogy of The Exorcist--scheduled to hit theaters Oct. 13, 2023.
And Blum reportedly wants even more. He would like to see Blumhouse make at least eight horror films for release on the big screen every year–a jump from the three or four it usually delivers. Blum reportedly also is eyeing another slate of horror pics for Peacock.
Atomic Monster–launched by Wan in 2014–is responsible The Conjuring Universe, Lights Out, Mortal Kombat, Malignant and others.
In discussing the business deal, Blum said Wan “is probably 70 percent to 80 percent artist and 20 percent to 30 percent business person–and I’m the reverse. So we complement each other–yin and yang–which is part of what makes this so exciting.”
When (and if) the deal is completed, Wan’s Atomic Monster would become a “creatively autonomous label inside Blumhouse, and have a first-look deal with Universal.” Wan said the merger would afford him a “bigger canvas to paint on. Universal is very supportive of filmmakers, and is brilliant at marketing.”
Keep reading Horror News Network for all further updates on this merger between Blumhouse and Atomic Monster.