Paramount is making more "Paranormal."
While touting its box office performance in 2011, the studio announced that it will release a fourth in its phenomenally successful "Paranormal Activity" franchise this year.
TheWrap reported in October that a fourth "Paranormal" was all but certain.
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Making another "Paranormal" isn't a huge risk. The ultra-low-budget movies have been spectacularly successful, and while nothing is guaranteed, a fourth "Paranormal" is as close to a no-brainer as Hollywood gets.
The first installment, made for a mere $15,000, grossed $193.35 million worldwide. The second, made for $3 million, grossed $177.5 million worldwide.
And "Paranormal Activity 3," released in October, 2011, grossed $202.2 million worldwide on a $5 million budget.
It opened to $54 million for the biggest October opening ever.