Its not quite done yet, he said during the Universal Pictures BlumFest session.

Wordfirst emergednearly a year ago that the two production entities were in advanced talks to join forces.

Each is expected to continue operating its own consumer-facing label.

Jason Blum

Jason BlumRoy Rochlin/Getty Images for Prime Video

Atomic Monster, meanwhile, controlsThe Conjuring, InsidiousandSaw.

Thats whats fun about the creative business.

The second you have a formula, it doesnt work.

WGA West building in Hollywood

You cant have a formula.

The film is slated for release in January 2024.

Jawsdidnt only ruin the beach.

It ruined the pool too, he said.

A motivating factor was me seeing Jaws at 9 years old and being in the pool at night.