LOS ANGELES, CA, November 1, 2011—Universal Pictures and Angle Films today announced a first-look distribution deal between the two companies. The newly formed Angle Films is jointly owned and operated by Paul Brooks’ Gold Circle Films and Jason Blum’s Blumhouse Productions. Its mandate is to finance and produce genre films with budgets ranging from $15 to $30 million. The distribution pact was announced today by Brooks, Blum and Universal Chairman Adam Fogelson and Co-Chairman Donna Langley.

Both Blumhouse and Gold Circle have separate deals at Universal for their respective core businesses, which will continue at the studio.

“Jason and Paul are at the top of their game in producing genre films, which is why the teaming of these two talented filmmakers is such an attractive proposition for Universal,” said Fogelson and Langley. “Building on these relationships to find exciting new projects is a great opportunity for both of our companies.”

Blumhouse is known for the production of ultra low-budget films designed for wide release, including Paranormal Activity 1, 2 and 3 and Insidious. Gold Circle has a history of genre titles including White Noise, The Fourth Kind and The Haunting in Connecticut.

“We couldn’t be more delighted to be expanding our much-valued relationship with Universal at this time,” Brooks said. “Additionally, to be doing this in conjunction with my friend Jason at this point in his career is very compelling.”

“I’m excited to collaborate with Paul and Universal to add mid-budget genre films to our existing low-budget business,” Blum said. “Universal has been a great partner for Blumhouse and I look forward to expanding our relationship.”