Blumhouse, studio known for highly profitable horror films, is no longer producing Mattel's Magic 8 Ball movie [CNBC]
Mattel, Inc. (MAT)
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Source: CNBC
Producer Jason Blum told CNBC the studio did work to develop the film for a time, but is no longer attached. Magic 8 Ball is one of around a dozen projects in development in Mattel's film division, including Hot Wheels, Rock 'Em Sock 'Em Robots, Uno and Barney. A Barbie film is on the way next year. Blumhouse is no longer a producing partner of Mattel's planned Magic 8 Ball film. On Friday, co-founder and producer Jason Blum told CNBC that the horror production power house was no longer attached to the toymaker's project. “We developed it for a while, but we are no longer attached,” he said. “I think they are developing it with someone else. I wish them the best of luck.” Blum didn't go into details about why Blumhouse exited the project. Representatives for Mattel did not immediately respond to CNBC's request for comment. The Magic 8 Ball movie was first announced in 2019 and is one of many projects in development under Mattel Films. The company recently completed prod
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