Blumhouse has officially acquired the prospective rights to the Saw franchise, aligning one of horror’s most profitable properties with the studio behind several top-grossing genre hits. The deal sees the franchise return creatively to James Wan and Leigh Whannell, the duo behind the original 2004 film, as part of the recent merger between Wan’s Atomic Monster and Blumhouse.

While Blumhouse will lead the franchise going forward, Lionsgate will remain a key partner in the property. Content Partners has also acquired a stake in the existing library, while producer Mark Burg retains a share. The series has grossed over $1 billion globally across ten films.

Oren Koules and Mark Burg, who shepherded the franchise for two decades, are stepping back from day-to-day involvement. “With the success of the tenth film, this felt like the right time to pass the baton,” Koules stated, adding that the return of the series to Wan and Whannell is a fitting next step. Burg echoed the sentiment, noting the importance of the franchise in Hollywood history and expressing gratitude to cast, crew, and Lionsgate executives.

For James Wan, the acquisition marks a personal return. “Saw holds a special place in my heart,” said Wan. “Coming back to this world with a fresh perspective is both thrilling and deeply personal. I’m very much looking forward to embracing the original spirit whilst pushing the legacy forward in bold, unexpected ways.”

Blumhouse CEO Jason Blum underscored the cultural impact of Saw and the excitement of bringing the original creators back into the fold. “This is a strategic investment in one of the most recognizable and successful genre properties of the last two decades,” he said.

Adam Fogelson, Chair of the Lionsgate Motion Picture Group, acknowledged the franchise’s legacy, stating, “As Oren and Mark pass the baton to James – whose direction started it all – and to Jason and the team at Blumhouse, Billy couldn’t be in more gifted or twisted hands. Game on.”