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Blumhouse’s ‘Exorcist: Believer’ Footage Scares the Hell Out of CinemaCon Audiences

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previously notched a stunning $400 million deal with Blumhouse for three new “Exorcist” movies. At the time, the deal seemed intended to emulate the ridiculous streaming deals typified by Netflix shelling out $450 million for two “Knives Out” sequels.

Ironically, the sentiment has since changed on this “endless money for endless content” mentality, but those who like big-scale horror will probably find something to enjoy.

It’s the kind of “throw money at IP for the sake of IP” gambit that hasn’t fared that much better on streaming (“Resident Evil,” “Cowboy Beebop”) than it has in theaters (“Dungeons and Dragons: Honor Among Thieves”).

To be fair, religious horror is and remains a vibrant niche, as seen by the under-the-radar success of Sony’s “The Pope’s Exorcist” which has earned $53 million worldwide on an $18 million budget.

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