The Paranormal Activity franchise has proved a boon for Paramount, thanks to the films’ low budgets, high box office grosses, and quick production schedules. But the real magic ingredient may be the series’ surprising ability to keep expanding mythology of the relatively simple first film. Paranormal Activity 2 and 3 kept things fresh by filling in the blanks left by the first movie, and this month’s Paranormal Activity 4 promises to build on that foundation by picking back up with Katie and Hunter.

So naturally, the studio’s been thinking up ways to keep expanding the Paranormal universe, perhaps even after Katie and Hunter’s tale comes to an end. (Whenever that may be.) A new report indicates that Paramount is looking to offer a peek of a Latino-themed Paranormal spinoff within the credits of Paranormal Activity 4. More after the jump.

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Henry Joost and Ariel Schulman, the directors behind last year’s controversial documentary Catfish, have reportedly been hired by Paramount to direct Paranormal Activity 3, according to Dread Central and Bloody-Disgusting. With an eye on an October 21, 2011 release date, Christopher B. Landon, who wrote the second film in the faux-documentary horror franchise, is writing the script while original director Oren Peli will produce along with Jason Blum. Read More »

“Five tales that will mess you up for life.” That’s the tagline for Burning Palms, which opens in limited release on January 14. Written and directed by Christopher B. Landon (who wrote Disturbia, Paranormal Activity 2), the film follows five separate stories all across Los Angeles that delve into very taboo territory. It stars Zoe Saldana, Jamie Chung, Dylan McDermott, Paz Vega, Nick Stahl, Shannon Doherty, Rosamund Pike and more. Check out the trailer – which has a very Funny Games feel – after the jump. Read More »

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.

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