Jason Blum’s Blumhouse Productions is being hit with layoffs and pay cuts within the wake of the coronavirus pandemic, a Blumhouse spokesperson confirmed to TheWrap.
Senior management took wage reductions, whereas eight roles throughout movie and TV have been minimize, starting from government assistants to mid-level executives.
Blumhouse Productions has a 10-year first look function movie with Universal Pictures.
Blumhouse’s most up-to-date hits embody Leigh Whannell’s “The Invisible Man,” Craig Zobel’s “The Hunt” (which each have been launched early on VOD as a result of pandemic) and “Fantasy Island.” Other credit embody “Ma,” “Happy Death Day 2U,” “Glass,” “Halloween,” “BlacKkKlansman,” “The Purge” collection, “Upgrade,” “Truth or Dare,” “Get Out,” “Split” and the “Paranormal Activity” and “Insidious” franchises.
Blumhouse is thought to be extraordinarily worthwhile by producing low-budget hit horror franchises. For instance, “The Invisible Man” was produced for $7 million and has grossed $122.9 million globally, even amid the pandemic. “Happy Death Day” had a funds of $4.Eight million and grossed $125.5 million worldwide.
Variety first reported the information of the layoffs.
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