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Paramount (in the $111B Paramount–Skydance acquisition of WBD) plans to consolidate operations around the Warner Bros. Burbank lot over time, repurpose Paramount’s Melrose lot for commercial/office/retail use and lease space for film production — a move aimed at eliminating redundancies across two premium studio lots.
Chiwetel Ejiofor reunites with Mike Flanagan on the new Exorcist film produced by Blumhouse-Atomic Monster and Morgan Creek; Ejiofor is reported to play an ex‑con turned priest, production will shoot in New York and Universal set a March 12, 2027 theatrical release.
Blumhouse-Atomic Monster and Paramount have set Paranormal Activity 8 for a May 21, 2027 release; Ian Tuason is the filmmaker attached and the new entry is co-financed by Paramount’s Melrose lot with producers including James Wan, Jason Blum and original creator Oren Peli.
A24 debuted the first trailer for Backrooms, a feature adaptation of Kane Parsons’ viral YouTube series directed by Parsons (his A24 debut); the film is co-financed by A24 and Chernin Entertainment, produced with Atomic Monster and 21 Laps, stars Chiwetel Ejiofor and Renate Reinsve, and opens theatrically May 29 — the article also notes indie Iron Lung surpassed $43M globally as context for indie horror box-office appetite.
Jason Blum says Blumhouse — now merged with Atomic Monster — will lean into more established horror IP while preserving capacity to make very low-budget films (including sub-$1M productions), and has hired a Shudder executive (Sam Zimmerman) to help maintain horror-first development.
Blumhouse and Atomic Monster are developing a feature adaptation of IDW’s comic series The Exorcism at 1600 Penn by Hannah Rose May, with Jason Blum producing and Ryan Turek exec producing alongside the comic’s creator and IDW CEO Davidi Jonas; the property mixes possession horror with contemporary political stakes.
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