I think the difference there is that Blumhouse, A24, and I'll even throw Neon in there, never have had an expectation to make profit during theatrical, because traditionally their movies don't actually turn a profit during theatrical. Whereas Disney and WBD have traditionally expected profit during theatrical with the MCU and DCU, albeit likely have changed that expectation post-pandemic as has been discussed here.
Blumhouse has rarely had a flop. Blumhouse came out of the gate due to its founder's business sense on one of the biggest profit Margins of all time.
(Paranormal Activity)
Since then Blumhouse somehow has a magic touch of high concept that interests people enough to check it out with conservative delegated budget, even marketing.
Blumhouse's flop theatrical are more recent ones in the A24/neon world.
More to the point, regardless of their goals, the saturation of mediocrity hurts audience's trust.
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