So far, the scariest thing about Paranormal Activity 5 may be how little anyone involved with it claims to know about it. We are talking about a movie that’s due out in just under nine months. After the jump:

  • Katie Featherston and Oren Peli talk Paranormal Activity 5
  • No, Linday Lohan will not be reprising her role for Machete Kills
  • Steven Spielberg says George Lucas still plans to do Indiana Jones 5
  • Sylvester Stallone is joking about wanting Bill Clinton for Expendables 3, right?
  • Judd Apatow considers another Knocked Up spinoff, this time about the kids
  • Andy Muschietti does not think there should be a Mama 2
  • Check out a sunny set photo from Insidious Chapter 2

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All of the disappointments of Paranormal Activity 4 boil down to one thing: This is a franchise that’s forgotten what made it so special in the first place. The original Paranormal Activity was terrifying not because it had expensive special effects or excessive amounts of gore, but because director Oren Peli expertly stretched the tension to the point where the softest creak of a door hinge could make us jump. 2 and 3 dialed the scares up a notch and expanded on the mythology, but that delicious suspense at the core remained the same.

In contrast, I don’t think I’ve ever been as relaxed during a horror movie as I was during Paranormal Activity 4. The scares are theoretically bigger and badder this time around, but sloppy storytelling from directors Henry Joost and Ariel Schulman undermines any impact they might’ve had. After three great installments, the little low-budget horror series that could has finally lost its way.

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‘Paranormal Activity 4′ Trailer: Katie’s Back!

If Monday’s 13-second teaser for the Paranormal Activity 4 trailer whetted your appetite for more found-footage scares, you’ll be happy to see that the first full-length trailer has now hit the web. Henry Joost and Ariel Schulman, who directed Paranormal Activity 3, are once again at the helm. Watch the video after the jump.

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Update: In our box office report below, we mentioned the lack of official sequel plans for Paranormal Activity. Well, Paramount has now released a statement from Chairman Brad Grey via LAT: ”We have the rights on a worldwide basis to do Paranormal 2 and we’re looking to see if that makes some sense.” The word ‘some’ has possibly never been needed less in a sentence. Paranormal Activity‘s boffo, record-setting box office is discussed below. We’ll update on the sequel when and if more details come in. In the meantime, what direction should a sequel take?

It had to happen later than sooner: this weekend Lionsgate‘s Saw franchise took a significant tumble with Saw VI opening to a mere $14.8 million from 3,000 theaters, the lowest opening since 2004′s Saw ($18.2m). The prognosis for the grisly torture series might be gloomier if not for its showdown with Paranormal Activity, the year’s biggest movie phenomenon (no small feat), which haunted the top spot after months of escalating buzz with $22 million. That means it’s up two millie over last weekend, while still playing in less than 2,000 theaters. Not only are number-crunchers getting wet over the idea that this indie pick-up from Paramount, budgeted at $13,000 (yeah, thousand), might gross $100 million domestic, but it’s on track to become the most profitable release in the mountainous studio’s history. Word from the clown is: Executives are filming themselves asleep with permagrins, splayed out on beds covered in dollars gold bars.
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