Paramount Pictures has entered an exclusive, multi-year production deal with Walter Hamada, the studio announced Tuesday.
Under the deal, effective, Jan. 1, 2023, Hamada will spearhead building out the studio’s mainstream horror genre pod, with the goal of releasing several, low- to mid-budget films per year across theatrical and streaming.
“With his track record for groundbreaking success, Walter is the ideal partner and visionary to build out our mainstream horror genre franchise business,” Paramount Pictures President and CEO Brian Robbins said in a statement. “As evidenced by the fantastic performance of ‘Smile,’ there is a tremendous appetite for original, high-concept storytelling in the global marketplace, and we look forward to a long and successful partnership.”