SyFy Films has entered into an arrangement with Universal to produce two science fiction, fantasy, and horror films a year with Universal handling the distribution. Production on the films, which will have budgets between $5 million and $25 million, will begin in 2012.
The SciFi Channel has announced plans to change their name to SyFy. The rebranding is an attempt to more fully own the channel’s name, which can’t be done with the current “Sci Fi Channel” name since sci fi is in too widespread use to be trademarked. According to new Sci Fi President Dave Howe, Sci Fi was too limiting and didn’t include fantasy, paranormal, supernatural, action, or superheroes.