New Paranormal Activity movie in development at Paramount
On stage at CineEurope, Paramount Pictures Chairman and CEO Jim Gianopulos announced that new chapter in the Paranormal Activity franchise is officially in development at the studio.
“We are partnering with uber horror producer Jason Blum to bring a new installment of Paranormal Activity,” Gianopulos announced.
2019 marks the ten year anniversary of the release of the first Paranormal Activity movie, which blew up at the domestic box office and set the horror world ablaze with the found footage feature craze. The first Paranormal Activity was produced on a budget of $15,000 dollars and went on to gross $193 million worldwide.
Paranormal Activity was followed by five sequels, exploring the different corners of the vague mythos established in the first film and culminating in 2015’s 3D sequel, Paranormal Activity: The Ghost Dimension. The six movies have brought in over $890 million worldwide, an impressive haul for their micro-budgets and setting the series up as one of the many fan favorite horror franchises in the mid 2000s.
Director Oren Peli helmed the original film in the franchise, and unsuccessfully tried to replicate the success of the film with other found footage projects like Chernobyl Diaries and Area 51 in theaters, plus The River on ABC. The franchise also attracted Catfish filmmakers Henry Joost and Ariel Schulman who directed the third and fourth movies in the series.