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Paramount to Make 'Paranormal Activity 5'

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Oct 21, 2012 | 2:55pm EDT

Paranormal ActivityAccording to the folks at Deadline, Paramount is already on-board for a fifth film in their Paranormal Activity franchise. Continuing on this trend will be the original story producers Jason Blum and Oren Pell. It is (again, of course), expected to have a Halloween-centric release date in 2013.

It seems that the nail in this coffin (when talking about scary movies, coffins are good things!) was how well the movie performed during this, its opening weekend. The weekend gross of $30 million is considered a knock-out start given the film's $5 million budget. It is worth noting, however, that this weekend's gross is well below the franchise's second and third installment's North American intake. Regardless, the films make Paramount Pictures an ample amount of dough—with over $576 million earned worldwide—considering the combined budget for the films is apparently just over $8 million.

Additional reports claim that Paramount is financing an as-yet-untitled spinoff film, with a tentative release date of Spring 2013. This spinoff will be shot partially in Spanish in order to cash in on the franchise's sizable Latino audience. Christopher Landon is set to helm the project. Deadline's sources claim that "this will be an off-shoot aimed at the groups who have been the biggest supporters of the property – Latinos and folks in Latin America – Mexico, Brazil, and Argentina," a Paramount insider tells me. Guess this gives a bit more context to the teaser clip at the end of Paranormal Activity 4, huh?

What do you think of Paramount's plans to capitalize on the franchise? Sound off in the comments!

[Photo Credit: Paramount Pictures]

Follow Alicia on Twitter @alicialutes

More:

'Paranormal Activity 4' Star Katie Featherston Says She Filmed 'Enough for Two or Three Movies'

'Paranormal Activity 4' Spooks Box Office Competition with $30.2 Million

The End of 'Paranormal Activity 4' and Why We're Worried About the Franchise

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