With Paranormal Activity 2 having earned $157 million worldwide already on a budget of just $3 million (not counting marketing costs), Paramount Pictures is moving forward with a third installment to be released on October 21, 2011. There’s no word yet on who will write or direct Paranormal Activity 3. The other film scheduled for October 21 is Steven Soderbergh’s Contagion.
The studio has also pushed Craig Brewer’s Footloose remake back six months from April 1 to October 14, 2011. Starring Kenny Wormald, Julianne Hough, Dennis Quaid, Andie MacDowell and Miles Teller, the film is based on the 1984 original. Paul W.S. Anderson’s The Three Musketeers is also scheduled to be released on this date.
In other release news, Focus Features has bumped up The Eagle two weeks to February 11 though it will still face four other wide releases on that day.