Washington [US], June 6 (ANI): Veteran filmmaker Steven Spielberg has praised the recent box office success of horror films 'Obsession' and 'Backrooms', applauding the filmmakers for achieving major theatrical results with modest budgets.

Speaking during a red carpet interview at a screening of his new film 'Disclosure Day', which premieres in theatres on June 12, the three-time Oscar winner expressed his admiration for the new generation of horror directors behind the breakout hits.

'I'm so happy for them. I think it's so fantastic,' Spielberg said, adding, 'I think it's great that they had basically very little money, especially Obsession had under USD 1 million, and the other film had maybe 10 or nine, and they're doing so well, and I just applaud them,' as quoted by Deadline.

Spielberg also revealed that he has already watched 'Obsession' and was impressed by the film.

'I haven't seen Backrooms; I am going to see it when all this is over. But I have seen Obsession, and I loved it,' he added.

Released in theatres on May 15, writer-director Curry Barker's 'Obsession' has emerged as a major horror success.

The film quickly became Focus Features' highest-grossing domestic release and has earned USD 151.3 million in the United States, as per Deadline.

Meanwhile, 'Backrooms', directed by Kane Parsons, has delivered a series of milestones for A24.

Parsons, who made his directorial debut at the age of 20 and became the studio's youngest-ever director, helped the film secure a record opening for the indie banner. According to Deadline, the horror feature has grossed USD 81.4 million domestically and USD 118 million worldwide.

Based on Parsons' web series, 'Backrooms' has since become A24's highest-grossing film in the domestic market and the studio's first title to surpass the USD 100 million mark domestically. (ANI)