- He has clarified that his formula for making movies as cost-effectively as possible doesn't mean looking exclusively for low-budget scripts. Rather, he looks for scripts he likes and tries to find ways they can be done on a low budget.
- His rules for making a cheap movie include: 1) Limit the number of speaking parts, because actors with lines get paid more than non-speaking extras; 2) Limit the number of locations (ideally just one); 3) Pay actors the legal minimum, offering a percentage of prospective profits as additional compensation; 4) Never break the budget by asking for more money ("don't buy your way out of a problem, but solve it creatively").
- His three favorite films (as of 2022) are Citizen Kane, Goodfellas, and Moulin Rouge.
- His paternal grandparents were Austrian Jewish immigrants. His mother has German, Swedish, English, and Irish ancestry.
- Was friends with legendary independent producer Roger Corman, who cited Blum as someone who reminded him of himself.
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