ITV Studios buys stake in Blumhouse Television5 April 2017
ITV Studios has purchased a 45 per cent stake in Blumhouse Television.
The deal will see the two companies set up an autonomous studio operation focusing on what Blumhouse described as “dark genre programming for global audiences.”
Blumhouse TV’s output includes documentary series The Jinx, Ryan Murphy’s drama The Normal Heart, a TV series based on The Purge and the upcoming Sharp Objects, an adaptation of the novel by Gillian Flynn.
Marci Wiseman and Jeremy Gold will continue to run Blumhouse Television as co-presidents, reporting to founder Jason Blum and president Charles Layton. All four join the board of ITV.
“Over the past few years, we have been working to build Blumhouse Television into an independent studio so we can have the autonomy to work with the best storytellers and give them freedom to create the best dark genre programming,” said Blum.
“It is a dream that day is here. (ITV Studios director) Julian Bellamy and his team are remarkable partners and we can’t wait to kick things off with The Purge and Secure and Hold. We are excited that with the launch of this new studio, we are expanding our partnership with NBCUniversal by growing The Purge franchise into a television series and are grateful for their incredible support of Blumhouse overall.”
Bellamy added, “Jason and his team have an unrivaled reputation in the suspense and thriller genres, delivering hit after hit at the US and international box office. They have very quickly established an enviable track record by applying these skills to television and we are delighted to come on board for the next stage of the company’s exciting development.
“This partnership is another step forward in ITV Studios building a global scripted business of scale.”