Universal and Blumhouse Eye Slasher Film 'River' in Multi-million Deal

'River,' a new slasher by Josh Giuliano, is reportedly set for acquisition by Universal and Blumhouse for over $10 million. The agreement marks a notable deal at the Toronto Film Festival, according to Variety.

Josh Giuliano's upcoming slasher film, "River," is making headlines as it heads toward a significant acquisition deal with Universal Pictures and Blumhouse's Atomic Monster. This potential agreement, which is expected to exceed $10 million, is being finalized after initial backing by companies like Independent Film Company and Shudder. The film's acquisition represents one of the largest transactions confirmed at this year’s Toronto International Film Festival. Notable for its thrilling genre, "River" promises a fresh take on horror that has captivated festival audiences and insiders alike. This deal reflects the growing investment in horror films, especially those enriched with unique storytelling and innovative production techniques. The partnership between Universal and Blumhouse has historically yielded successful franchise films, including "The Conjuring" universe and "Get Out," contributing to its reputation in the horror market.