November 01, 2011 11:57am PT by Borys Kit
Blumhouse, Gold Circle Create Angle Films, Sign First-Look Deal With Universal
Gold Circle Films and Blumhouse Productions have teamed up to form a genre-producing banner and have signed a first-look deal distribution deal with Universal Pictures.
Named Angle Films, the shingle will produce and finance genre films with budgets ranging in the $15 million to $30 million range.
Gold Cirle and Blumhouse, both of which have separate deals with Universal, will continue to operate separately as well. Both companies have made their names in the genre market. Blumhouse, run by Jason Blum, has made a killing with low-budget high-yield found footage movies such as the Paranormal Activity franchise as well as Insidious. Paul Brooks' Gold Circle had produced horror movies such as White Noise and The Haunting in Connecticut.
“Jason and Paul are at the top of their game in producing genre films, which is why the teaming of these two talented filmmakers is such an attractive proposition for Universal,” said Universal’s Adam Fogelson and Donna Langley in a statement. “Building on these relationships to find exciting new projects is a great opportunity for both of our companies.”