This comes as no surprise, considering the fact that Paranormal Activity 2 made $44 million on its opening weekend on a $3 million budget. Original writer/director and producer Oren Peli revealed the release dat to be October 21st 2011, keeping in with the every Halloween tradition.

It will be very interesting to see what direction the movie takes, whether it will begin to answer questions raised in the first one, or perhaps it will delve deeper into the mythology set down by the first two movies. Either way its got to be careful, as it could be a franchise killer, which thankfully the second one didn’t do. We shall see.