Title: Lionsgate and Blumhouse Team Up for Blair Witch Reboot

In a significant announcement made at CinemaCon in Las Vegas, Lionsgate and Blumhouse Productions are joining forces to produce a reboot of the iconic horror franchise, the Blair Witch Project. This new venture is part of a multi-film agreement between the two studios, aiming to reimagine Lionsgate's intellectual property through the horror and thriller expertise of Blumhouse. The project will see Jason Blum of Blumhouse leading the production, alongside Roy Lee, who returns after his involvement in the 2016 iteration of the series. Though specific plot details remain under wraps, the collaboration signals an exciting return to the dark, mysterious world of the Blair Witch, promising to breathe new life into the beloved horror saga.

Subtopics:
- Announcement of Blair Witch reboot at CinemaCon
- Collaboration between Lionsgate and Blumhouse Productions
- Return of producer Roy Lee to the franchise
- Details of the multi-film deal between the studios