Blum and Wan's Optimism: A Look at the Resurgence of the Film Industry Post-COVID
Producers Jason Blum and James Wan kicked off the Produced By conference by expressing their optimism about the film industry's resurgence post-COVID. They highlighted the success of their studio, Blumhouse-Atomic Monster, with hits like "Obsession" and "Backrooms."
Blum and Wan noted the appeal of edgy movies resonating with a new generation of moviegoers reminiscent of the '70s. They emphasized the strong box office performance of "Obsession," which saw a 20% increase in ticket sales over the weekend.
Wan emphasized the horror genre's significant contribution to the industry's success, underscoring its enduring popularity. Blum proudly mentioned that "Obsession," produced on a modest budget of $750,000, has become Focus Features' highest-grossing domestic release.
As the film industry continues to rebound, Blum and Wan's studio is poised for further success with upcoming projects. The duo's enthusiasm and confidence reflect a promising outlook for the future of cinema.