According to an article by LA Times, the success of “Paranormal Activity” was such a suprise hit for Paramount, that the studio is now contemplating a sequel. With a budget of $15,000, “Paramount Activity” has grossed an astonishing $62.5 million nationwide and represented the largest return on investment for Paramount Pictures in the studio’s entire history.
“We have the rights on a worldwide basis to do Paranormal 2 and we’re looking to see if that makes some sense,” says Paramount Chairman Brad Grey in an interview.
In an industry obsessed with building franchises, a Paranormal sequel is a no-brainer. But can lightning really strike twice?
People often compare “Paranormal Activity” to the 1999 surprised indie success of “The Blair Witch Project” which spun a 2000 sequel — “The Book of Shadows” — after earning $140.6 million. “Book of Shadows,” however was poorly received and grossed just $26.4 million domestically, so the reality of producing a successful follow-up to a low-cost movie that was a pop cultural phenomenon can be difficult.
But whatever the case may be. If Paramount did produce a Paranormal sequel, it would be a win-win for the studio because no matter how bad it ends up being, people would still pay good money to be scared. Novelty or not.
TRANSFORMERS ONE is the untold origin story of Optimus Prime and Megatron, better known as…
This has jumped onto the list of most anticipated films!
Will a TMNT film that only focuses on one turtle work on the big screen?
This is the dream of any kid who grew up in the 80s and 90s.
He's not alone anymore. Joker: Folie à Deux – only in theaters and @IMAX, October…