Speaking to Variety from the Locarno Film Festival, where he is set to receive the Premio Raimondo Rezzonico for Best Independent Producer, Blum did not mince words about the current state of the franchise and his desire to move on from it. “It has been enough already,” Blum said. “That last ‘Paranormal Activity’ movie was terrible.”

Though the production company that bears his name has become synonymous with inexpensive horror movies that often spawn multiple sequels, Blum made it clear that he doesn’t feel the need to extend his franchises forever. He also had to pull the plug on Danny McBride and David Gordon Green’s rebooted “Halloween” series, though that one was for business reasons rather than artistic ones. Related Jason Blum’s Blumhouse and James Wan’s Atomic Monster in Advanced Talks to Merge ‘Bones and All’: How Director David Gordon Green Landed Unexpected Role in Cannibal Romance Related 2023 Oscars: ‘Avatar’ Is the One to Beat in Visual Effects The Best True Crime Streaming Now, from ‘Unsolved Mysteries’ to ‘McMillions’ to ‘The Staircase’
“With ‘Halloween,’ we only had the rights to three movies, so we said: ‘Halloween Ends’! It ends for Blumhouse, at least,” he said. “With other things, you just have this feeling it’s time to put them to bed. It would come back if some director I love, like Scott Derrickson, said: ‘I have a great idea for a ‘Paranormal Activity’ movie. But it’s not something I want to do.” While the door is not completely closed for future “Paranormal Activity” movies, Blum has moved on to other priorities, including a reboot of “The Exorcist” from director David Gordon Green. “We are getting ready to make it,” he said. “Hopefully, we will do the same thing with ‘The Exorcist’ that we did with ‘Halloween’–make it in a way that’s fresh and worth revisiting. And feels different enough so that people are happy we did it.” Blum is seeking the same balance of respect and disruption that made his “Halloween” reboots a success, which is why Green was his “first choice” for the job. “He is very good at respecting intellectual property that already exists and putting a new spin on it,” Blum said. Sign Up: Stay on top of the latest breaking film and TV news! Sign up for our Email Newsletters here.