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Universal Pictures has inked a three-year first-look deal with “Paranormal Activity” producer Jason Blum and his Blumhouse Productions, matching a top-level horror shingle with the studio that originated the genre.

Blum’s two “Paranormal Acitivty” pics, which were distributed by Paramount, have grossed more than $350 million at the worldwide box office. “Insidious,” his recent horror pic for FilmDistrict, grossed $85.3 million worldwide.

“We are certain that Jason will be a significant asset to the Universal family,” said Universal Chairman Adam Fogelson and Co-Chairman Donna Langley in a joint statement. “He brings an ability to attract top talent and a keen eye for producing high quality, modestly-budgeted films that are both cutting-edge and commercial. We know that this deal with Blumhouse will equal much shared success.”

The deal is a major catch for Universal, especially given the studio’s vault of monster movies. Blum’s track record for delivering low-budget, high-profit projects should work well for Universal — which iced Guillermo del Toro’s “At the Mountains of Madness” because of the oversized budget — as the studio has lately emphasized minimizing risk.