Wan later completed a deal to direct "The Conjuring 2" as part of a significant long-term deal with New Line Cinema. Head of New Line, Toby Emmerich, explained that Wan is the sole director that the studio signed a deal with, as New Line considers Wan to be "a class of one". The film was released on June 10, 2016, to high critical acclaim and commercial success. That same month, Wan launched his own production company, Atomic Monster Productions, at New Line Cinema. With the company, he develops and produces budget films in the science fiction, horror, and comedy genres. Films produced by the label included "The Conjuring 2" and "Lights Out".