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Full video: Film producer Jason Blum at Code Media

Blumhouse Productions, which produces horror movies like “Paranormal Activity” and “The Purge,” stays profitable by keeping production costs below $5 million.

Movies don’t have to be expensive. Or so says Jason Blum of Blumhouse Productions, onstage at Code Media. Hear more about his Hollywood success formula in the video above.


This article originally appeared on Recode.net.