The former studio executive, Abhijay Prakash has been named the new president of Jason Blum's Blumhouse, an American television and production company, according to a news report. He will oversee all business aspects of the production house and will be succeeding veteran executive Charles Layton. 

Layton will become vice-chairman of Blumhouse and stay on for two years in a strategic and advisory role. 

Prakash served Universal Filmed Entertainment Group as president. Earlier, he was the chief operating officer at Focus Features and then DreamWorks Animation.

“From my vantage point at Universal over the years, it was clear that nobody else in the business was as adept at figuring out how to create value from the content as the Blumhouse team,” Prakash said in a statement.

Speaking on the new development, Layton said, “We are thrilled because it felt like the stars aligned for Abhijay to join us at a time when I was ready to pull back from the day to day and yet remain active, part-time as vice-chairman."

Blumhouse is expected to release five movies in 2022. "The Black Phone" from director Scott Derrickson, "Halloween Ends", BJ Novak’s directorial debut, "Vengeance" and "DASHCAM".

On the TV front, Blumhouse produced shows such as NBC’s The Thing About Pam, starring Renee Zellweger, the documentary Our Father and Netflix’s Worst Roommate Ever.