The deal calls for the production of a minimum of ten films over five years.
Ivanhoe Pictures, the recently launched Asian focused film and television production company, will finance the films, Phantom, which is Indias first director led production house, will produce while one of its founders Anurag Kashyap, the acclaimed Indian filmmaker, will direct one of the movies and Blumhouse will help oversee the creative, bringing its expertise creating horror franchises like Paranormal Activity, The Purge, Insidious and Sinister.
The films will be released in India under the Blumhouse brand, which has generated success in the area. Distribution will be announced at a later time.
Ivanhoe Pictures co-founder and CEO John Penotti commented: We are so pleased to be part of this extraordinary partnership. Blumhouse and Phantom are two of the film world’s most innovative and forward thinking producers of highly commercial, quality driven films in the market. We look forward to many years of productive and thrill-filled collaboration.”
Madhu Mantena, one of the founders of Phantom Films said: “We are very proud of being part of this first of its kind association in the Indian Sub Continent and couldn’t be more excited about our collaboration with the progressive creative forces of Blumhouse and Ivanhoe. Look forward to some terrifying films from India.”
Jason Blum, founder and CEO of Blumhouse said: “Ivanhoe and Phantom are the perfect partners to help create engaging, terrifying films for the rapidly growing Indian market. We are excited to bring our approach of empowering filmmakers to tell their favorite genre stories to local-language productions.”
