Movies News
Jason Blum’s Blumhouse Productions Faces Layoffs, Pay Cuts
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.
10 Highest-Grossing Blumhouse Films, From ‘Get Out’ to ‘Paranormal Activity’ (Photos)
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TheWrap ranks Blumhouse movies by home gross, not adjusted for inflation.
Credit: The Numbers
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10. “The Purge: Anarchy” (2014)
Domestic gross: $71,562,550
Worldwide gross: $111,534,881
Budget: $9,000,000
Blumhouse
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9. “The Purge: Election Year” (2016)
Domestic gross: $79,042,440
Worldwide gross: $118,514,727
Budget: $10,000,000
Blumhouse
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8. “Insidious Chapter 2” (2013)
Domestic gross: $83,586,447
Worldwide gross: $161,921,515
Budget: $5,000,000
Blumhouse
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7. “Paranormal Activity 2” (2010)
Domestic gross: $84,752,907
Worldwide gross: $177,512,032
Budget: $3,000,000
Blumhouse
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6. “Paranormal Activity 3” (2011)
Domestic gross: $104,028,807
Worldwide gross: $207,039,844
Budget: $5,000,000
Blumhouse
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5. “Paranormal Activity” (2009)
Domestic gross: $107,918,810
Worldwide gross: $194,183,034
Budget: $450,000
Blumhouse
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4. Glass (2019)
Domestic gross: $111,048,468
Worldwide gross: $245,316,968
Budget: $20,000,000
Blumhouse
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3. “Split” (2017)
Domestic gross: $138,141,585
Worldwide gross: $278,964,806
Budget: $5,000,000
Blumhouse
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2.”Halloween” (2018)
Domestic gross: $159,347,015
Worldwide gross: $255,490,189
Budget: $10,000,000
Blmhouse
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1. “Get Out” (2017)
Domestic gross: $176,040,665
Worldwide gross: $225,408,115
Budget: $5,000
Blumhouse