When Oren Peli shot the first Paranormal Activity in his own house over the course of a week, he never could have imagined how it would totally and utterly change his life. The film came out and was a runaway hit, he immediately signed on to produce a sequel and then directed his second movie called Area 51. Now, before any word of that film is out, Peli has wisely locked down the follow up. He’s just signed to direct Eliza Graves, which is loosely based on the short story The System of Doctor Tarr and Professor Fether by Edgar Allen Poe, about a medical student who visits a mental hospital totally unaware that it’s been overtaken by its inmates. Read more about the movie and the original Poe story after the break. Read More »

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