Universal Has Spent $400 Million For New ‘The Exorcist’ Trilogy Which Will Feature Leslie Odom Jr. & Ellen Burstyn ( Photo Credit – Facebook ; IMDb )

Universal Pictures, being one of many largest manufacturing firms in the whole world, has repeatedly spend large bucks to amass rights to films. At the identical time, the corporate has additionally been signing up offers with streamins providers like Netflix and Amazon to release the movies they’ve acquired.

As per a latest report, the studio has acquired worldwide rights to the 1973 movie The Exorcist for a whopping $400 million. Read on to know extra particulars in regards to the venture.

As reported by Variety, Universal has paid a whopping $400 million to amass the worldwide rights to the 1973 movie The Exorcist in a partnership with Blumhouse and Morgan Creek Productions. The movie manufacturing firm has set its eyes on making a trilogy that can star Leslie Odom Jr.

The new trilogy can even see Ellen Burstyn reprise her Oscar-nominated function as Chris MacNeil from earlier movies. Odom is about to play the function of a father who tracks down MacNeil after his baby turns into possessed.

The director of The Exorcist trilogy might be David Gordon Green. He has additionally beforehand labored on horror films and rebooting them. His final work with the studio was the 2018 ‘Halloween’ reboot. He can even function an government producer and reportedly direct a couple of episodes of the forthcoming Hellraiser collection.

The large quantity for getting the rights to The Exorcist displays a latest pattern the place firms spend tons of of tens of millions of {dollars} to get movies or easy IP for placing them on streaming providers. In flip, this may hopefully appeal to extra subscribers.

Recently, Netflix spent over $400 million on the 2 sequels of Knives Out. It might be directed by Rian Johnson and may have Daniel Craig as detective Benoit Blanc. Amazon has additionally purchased Coming to 2 America from Paramount for $125 million in October final 12 months.

New York Times launched an article that defined that these excessive costs are supposed to cowl the quantity that’s normally reserved for back-end funds, that are obtained by box-office performances. The first movie from ‘The Exorcist’ Trilogy is slated for a theatrical release on thirteenth October 2023 and the subsequent installments will go straight to the streaming service Peacock.

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