Paramound Pictures President and CEO Brian Robbins said at The Hollywood Reporter:
“With his track record for groundbreaking success, Walter is the ideal partner and visionary to build out our mainstream horror genre franchise business, as evidenced by the fantastic performance of Smile, there is a tremendous appetite for original, high-concept storytelling in the global marketplace, and we look forward to a long and successful partnership.”
“I am thrilled to collaborate with Paramount Pictures with the singular goal of creating exceptional movies in the horror genre,” said Hamada. “Over the course of my career, nothing has been more gratifying than discovering emerging, first-time filmmakers and writers and unleashing their brilliance in a studio setting. Thank you to Brian and the entire team at Paramount Pictures for this tremendous opportunity, I can’t wait to get started.”
Not only this, in fact for those who do not know, is developing a horror film based on Winnie The Pooh called Blood and Honey:
And there are also news regarding this project, in fact it was revealed Christophen Robin through IGN:

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