Horror studios Blumhouse and Atomic Monster may soon become one entity. According to new reports, the two companies are in “advanced talks” to merge, though they will still retain the autonomy of their own banners.

Blumhousewas founded by Jason Blum in 2000 and has since produced an array of horror films. FromGet OuttoUsto the revivedHalloweentrilogy, Blumhouse has put out some iconic films. Of course, not all ofBlumhouse’s horror movieshave been successful, but that’s simply the name of the game when it comes to producing films. Meanwhile, Atomic Monster was founded in 2014 by James Wan and has produced horror films like those inThe Conjuringuniverse,Lights Out,andMalignant.

Jason Blum/Blumhouse Productions Featured Image

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According to a report byThe New York Times, Blum and Wan are in advanced talks to merge their Blumhouse and Atomic Monster production companies. If the merger is completed, Atomic Monster will benefit from Blumhouse’s first-look deal with Universal Pictures after its deal with Warner Bros. concluded over the summer. The companies are expected to continue to operate as separate labels, maintaining their autonomy creatively and keeping their own brand identities. So, for instance, theFive Night at Freddy’sfilm at Blumhousewould not bare the Atomic Monster banner nor would its creative direction be altered.

In addition, the merger would increase the combined output of both companies. Atomic Monster would be able to utilize Blumhouse’s infrastructure for its activities in film and TV and even allow for new content in the form of games, live experiences, and audio experiences. The companies have worked together before, withM3GANoperating under the Blumhouseand the Atomic Monster label.

With Wan and Blum being producers of primarily horror fare, the move could mean some new and interesting horror films are on the horizon. It’s already known that Blumhouse is working on films such asthe newSpawnmovie, while Atomic Monster has aSalem’s Lotadaptation in the works. Together, the two could feasibly create bigger and better mainstream horror films.

Until the merger is complete, there’s no telling whatBlumhouseand Atomic Monster are cooking up together. And, while the two are in “advanced talks,” that doesn’t mean it’s a done deal, and it could still fall through. Time will tell if it succeeds or not.