Nick Vivarelli International Correspondent Former Shudder chief Craig Engler and The Cartel, the production and finance company behind “Creepshow” have teamed up to launch Shiver Studios, a new genre company with plans to make and finance up to 10 horror films a year. Based in Los Angeles, Shiver Studios will focus on a theatrical-first approach, looking to ride the recent trend of indie horror hits such as Shudder’s release of micro-budget hit horror feature “Skinamarink,” directed by Kyle Edward Ball. Prior to his departure from Shudder Engler oversaw production of “Skinamarink” which has grossed $2 million in theaters on a budget of $15,000. The overall plan is for Shiver to follow its theatrical releases with a TVOD, SVOD, AVOD, linear and physical windowing strategy, working with partners that include both streamers and traditional distributors, the nascent studio specified in a statement.