Well over a decade ago, producer and director Oren Peli released the first part of the now world-famous horror series "Paranormal Activity“. What made it special: His surprise hit grossed a staggering $193 million on a mere $15,000 budget. After several sequels and a spin-off, it's now time for a new one, and media reports confirm that the entire Paranormal Activity brand is to be renewed for theaters. Rumors have been circulating for some time that a new part was imminent, but the fact that the entire franchise is being revamped and started from scratch was not apparent until now. Concrete details about the content are still scarce at this point, but it's more than likely that we'll see a return of the old tried and true found footage material. "Underwater" director Will Eubank is expected to be in the director's chair, while "Happy Death Day" director Christopher Landon will be in charge of the film script. Behind the scenes, "Paranormal Activity" will get support from horror producer Jason Blum alongside the creator of the first part, Oren Peli. The U.S. release of "Paranormal Activity" is so far scheduled for March 4, 2022.