Other than Disney, Blumhouse is the new leader; studios will catch on eventually.
Two films don't make them a leader.
This is there 2016 with Budget/Gross
Visions N/A $1 million
Curve N/A N/A
The Veil $4 million N/A
Martyrs $1 million N/A
Hush N/A
The Darkness $4 million $10.9 million
The Purge: Election Year $10 million $118.6 million
Viral N/A $551,760
In a Valley of Violence N/A $61,797
Ouija: Origin of Evil $9 million $81.7 million
Incarnate $5 million $6.3 million
Two films did bank, the rest were either VoD, Bombed, etc. They had a much more solid year in 2015, but it's a company whose high limit is 10million budget, then probably 10-20 in marketing for their full on releases. It's sustainable for a small company, but no large studio can make a living on it.
I'd also argue, there is only so much room for low budget horror films