Walter Hamada has found a landing spot after his exit from DC Films earlier this year. He’s entering an exclusive, multi-year production deal with Paramount Pictures. This is a massive get for the studio. Even through massive turmoil and creative issues at DC he guided them to their highest-grossing movie in Aquaman with $1.1 Billion worldwide, but also brought them The Conjuring franchise. That series is the highest-grossing horror series of all-time at $2 billion+ at the global box office.

He’ll head up the Mainstream Horror Genre Pod at Paramount where they’ll release several low-to mid-budget films per year across theatrical and streaming. Here’s what Paramount CEO Brian Robbins had to say about the move:

With his track record for groundbreaking success, Walter is the ideal partner and visionary to build out our mainstream horror genre franchise business. 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.

Hamada had this to say about his new employer:

I am thrilled to collaborate with Paramount Pictures with the singular goal of creating exceptional movies in the horror genre. Over the course of my career, nothing has been more gratifying than discovering emerging, first-time filmmakers and writers and unleashing their brilliance in a studio setting. Thank you to Brian and the entire team at Paramount Pictures for this tremendous opportunity, I can’t wait to get started.

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Source: Paramount Pictures

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