Posted on Monday, January 10th, 2011 by Peter Sciretta
The Paranormal Activity franchise is like a money tree for Paramount Pictures. The first film was made and acquired for next to nothing (thousands of dollars) and went on to gross over $187 million worldwide. The sequel was rushed into production with a larger budget (estimated $2.75 million), and released the following year, grossing $168 million worldwide. Both films were critically praised, and a lot of people even believe that the second film was better than the first. I would argue that it’s more of the same (which isn’t necessarily bad) but is a story that improves the enjoyment of the first film by contributing quite a bit to the mythology. It also leaves room for another installment, so a third film is a no brainer. Actually Paramount announced an October 21st release date for Paranormal Activity 3 days after the hit theaters. Oren Peli, who directed the original film in the series and produced the second, has finally hired a screenwriter.