(Image Source: Paramount Pictures)
The "Paranormal Activity" franchise, widely recognized as one of Paramount Pictures' most lucrative horror IPs, has consistently generated immense profits, with each installment typically costing under $10 million to produce while raking in nearly $100 million globally. The series currently spans seven films, with the most recent being "Paranormal Activity: Next of Kin." After a four-year hiatus, Paramount, now operating as Paramount Global following its merger with Skydance, is preparing to revive the beloved horror saga.
(Image Source: Paramount Pictures)
The Hollywood Reporter exclusively revealed today that Paramount Global and Blumhouse Productions, the long-time producers behind the "Paranormal Activity" series, are actively developing an eighth film. Acclaimed horror director James Wan will also join the production through his Atomic Monster banner, which recently merged with Blumhouse. Furthermore, Oren Peli, who directed the original "Paranormal Activity" film, will continue his involvement as a producer via his Solana Films.