Friedman's niece, Bridgett Everett, said he died of heart failure Monday morning at a nursing home.
Friedman was an independent movie producer who was credited with helping create "gore" or splatter movies.
He produced "Blood Feast" in 1963 for $24,500. His niece says the cult classic ended up netting $6.5 million for him and the other investors.
Friedman was born in Birmingham, Ala. He spent much of his career in New York, Chicago and Los Angeles. He moved to Anniston in 1988 to be near family.