More Horror? Lionsgate Adds A Low Budget Feature Division

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This could be very, very good news for horror filmmakers adept at pinching pennies. And even better news for fans who want more demanding fare (the lower the budget, the lower the compromise – sometimes).

After seeing the profit margins of Paramount’s micro-budget shingle, Paramount Insurge (The Devil Inside), Lionsgate is making a point of getting into the micro-budget business, Per Variety. They’ve slotted in John Sacchi (exec producer on The Possession and the My Bloody Valentine remake) to oversee the new arm which will make horror films and comedies budgeted under $2.5 Million.

Lionsgate (now partnered with Summit) has a strong genre year coming up already with films like Warm Bodies, The Hunger Games: Catching Fire and You’re Next. So far the new division has not been named.

Source: Variety
  • ThunderDragoon

    Sounds very good to me. More horror the better.

    • omer135

      I don’t think this is good, horror films must have decent budgets to be really good in my opinion, like the other genres. Most low budget films are terrible.

  • K-Dogg

    I don’t know, this could churn out a tonne of pure crap…I guess if there is one hidden gem for every 10 movies, then it could be ok. Oh, and by the way , on Lionsgate’s horror schedule, lets please not list Hunger Games, it does not belong on it.

  • djblack1313

    i agree w/ K-Dogg. if they could up the 2.5 million just a bit that would be cool. EVIL DEAD (if i’m not mistaken) only cost 14 Million and it looks fucking awesome (as well as using practical fx and an incredible cast). i fear 2.5 Million will spit out horrible CGI crappers.

    • Se_7_eN

      I think you missed the “low/micro-budget” part there DJ…

      • djblack1313

        Se_7_eN, no i saw that but my point is still sound. a micro-budget would most likely only produce terrible movies. in these times 14 million really IS micro-budget and we’re getting an great looking EVIL DEAD. i really don’t want another V-H-S.

        • Baphomitt

          Micro = $0-$2.5m, Low= $2.5m-$11m, High= $11m+

          • djblack1313

            High=$11m+??!! really? LOL. no.

          • K-Dogg

            Yeah, agree w/ DJ, movies made under 20 mill. is the new -low. As I stated earlier, the problem here is that we will see many flicks like Creature made, and then we say ” Who the fuck funds shit like this and gets a theatrical run”….Well, these guys will.

          • Baphomitt

            Wow. I don’t know why I bother and now I regret wasting the time to post it.

          • K-Dogg

            Hey, Bapho, wasn’t trying to shit on ya there, just giving an opinion, and then got a little excited there, sorry man. It just bugs me when some godawful movies get theatrical releases, but like I said, you never know, this could bring about some good shit

  • WolfQueen

    I remember back in 1999 when I started working at a little Mom-And-Pop video store and Lions Gate released the shittiest movies on the planet. If we had something new coming in and we saw it was LionsGate, we knew it would make no revenue.
    Jump ahead to SAW and Lions Gate is playing with the big boys. I like the idea of a low budget arm, as long as the quality doesn’t bring it back down to the shit quality of the late 90’s, early 2000’s.

  • Trevor Hodge

    Great, now lets see something new and different! Something bizarre ala Bad Biology or Tokyo Gore Police.

  • Samhain2010

    The list of recent movies that have been good with this type of budget is actually pretty big. Whether they turn out great or not, we will be getting a lot more horror. These micro budget movies give newer filmmakers the chance to get their stuff made. Nothing but positive news.