‘The Black Phone’ Producer Jason Blum Laments Rising Film Budgets: ‘I Don’t Think It’s Good for Business’

Office With a View: “You can create better shows and movies when you keep costs down,” Blumhouse CEO tells TheWrap

Jason Blum Office With a View Blumhouse
Eric Charbonneau/TheWrap Illustration

Ten years ago, Jason Blum made “Sinister” with director Scott Derrickson on a $3 million budget. The horror film went on to make $82 million at the worldwide box office and helped define the low-budget horror model that has come to shape the Blumhouse Productions brand. Today, Blum is still miles away from making $200 million blockbusters, but he recognizes how the changes in the industry have created new challenges for him in operating on the same shoestring budgets.

“I wish the movies were still $2 million. They’re a few million dollars more than two now, which is actually too bad, but I can’t fight what’s happened,” Blum told TheWrap for this week’s Office