Until a couple of years ago, Blumhouse was an untouchable hit factory. They turned low-budget, low-risk horror movies like The Purge and Paranormal Activity into blockbuster franchises. They could spend a couple of million dollars on a fiercely original cinematic vision like Get Out, and get hundreds of millions (and maybe even a Best Picture nomination) in return. Even when the studio broke into bigger I.P. with Halloween and Five Nights at Freddy’s, they continued to pump out hit after hit.