Producers Jason Blum and James Wan opened the Produced By convention on Saturday with a declaration that the movie enterprise is strongly rebounding from the post-COVID doldrums. The pair spoke with enthusiasm as their Blumhouse-Atomic Monster studio is driving excessive on the success of two buzzy field workplace hits — Focus Options’ “Obsession” and A24’s “Backrooms.”
“To me there’s almost this feeling of the ’70s of like this new generation of young people who are making edgy movies that are connecting in theaters in a crazy way,” Blum stated within the opening session of Produced By, hosted by the Producers Guild of America on the Common Studios lot.
“So many young people who didn’t grow up in a time when you couldn’t go to the movies and they haven’t had something for them to get off their iPad and go see the movie. Suddenly they have two movies,” Blum stated. ” ‘Obsession’ this weekend went up 20% from final weekend. Final weekend it went up 30%.”
Wan declared flatly that “the horror genre keeps saving our industry” within the dialogue moderated by PGA president Stephanie Allain.
Blum asserted that “Obsession,” made on a finances of $750,000, is now the highest-grossing movie launched domestically by Common’s Focus Options specialty label.
Extra to come back
