Jason Blum said during a New York Comic Con panel that the merger of his company, Blumhouse, with James Wan’s Atomic Monster is “very close” to closing. “It’s not quite done yet,” he said during the Universal Pictures “BlumFest” session. “It’s very close.” Word first emerged nearly a year ago that the two production entities were in advanced talks to join forces.
Each is expected to continue operating its own consumer-facing label. Blumhouse is known for franchises like Paranormal Activity, The Purge, Halloween, Happy Death Day, Ouija, Unfriended, The Exorcist and Sinister.
Atomic Monster, meanwhile, controls The Conjuring, Insidious and Saw. The companies have collectively grossed more than $11.6 billion worldwide since 2004 and they struck gold by teaming up for M3gan earlier this year.
Wan, as a director, also made the highest-grossing DC movie ever, Aquaman, Atomic Monster’s staffers “work differently than us,” Blum observed. “That’s what’s fun about the creative business.
Read more on deadline.com