Are You Afraid Yet? Paranormal Activity Could Be Coming Back Again!!
After coming off of the biggest debut for a horror movie, there is already potential talk of jumping off into a 4 edition of the Paranormal Activity franchise.
With the huge success of "Paranormal Activity 3," expect yet another sequel next October.
"I can't imagine that we wouldn't make a number four, and I imagine (Paramount Film Group president) Adam Goodman this morning is thinking about the challenge," Don Harris, Paramount's head of domestic distribution, told TheWrap Sunday. "I'm sure he's thinking, 'Now what do I do?'"
He sort of has to.
"Paranormal" is arguable the most profitable film property of all time. The first installment, made for a mere $15,000, grossed $193.35 million worldwide. The second, made for $3 million, grossed $177.51 million worldwide.
And the third, which opened Friday, opened to $54 million -- the highest-grossing opening weekend for a horror film ever and the biggest October opening ever. Its budget: $5 million.
So far, the three films have cost a total of $8,015,000 and have grossed a worldwide total of more than $450 million.
How's that for a return on investment?
Harris said that when Paramount picked up the first "Paranormal" in 2009, "We thought, 'Maybe we can do something with it at midnight, or release it digitally, or who knows what? We put it in some theaters with no advertising, just online. And that movie went on to do $108 million domestically."
Also read: Box Office: 'Paranormal Activity 3' Slashes to Best Horror Opening Ever at $54M
Now, "Paranormal Activity" has become an October tradition for Paramount -- and that he expects it to continue.
"It's certainly possible to have another October release," he said.
He explained that last year, Paramount saw the success of "Paranormal 2" and quickly pulled together "Paranormal Activity 3."
"I'm sure the right material and the right director will have to come together with the budget because they don't spend a lot of money."
I have to admit, while I am a fan of the franchise, I was a little disappointed in the latest one, It really looked as if it was kind of rushed together. But, we all know people love being on the edge of insanity and these movies definately take you there.