James Wan, horror movie icon, is joining one of the paranormal genres most significant series after his Atomic Monster company merged with Jason Blum’s Blumhouse studio.
As revealed by The Hollywood Reporter, the eight film in the franchise will have Paramount on board to co-finance.
Wan said: “I’ve been a huge admirer of Paranormal Activity since the brilliant first movie, with its creeping slow burn and subtle ability to make the unseen terrifying.”
“I’m looking forward to expanding on its legacy and helping shape the next evolution of this scary found-footage franchise,” he added.
The original film – which was released in 2007 – had a budget of just $15,000 and it turned Blumhouse into a household name after Blum discovered the film and provided additional funding, with the release becoming one of the most profitable movies ever.
Blum added: “Diving in with James for this exciting rebirth of the franchise that started it all for Blumhouse is exactly what we dreamed of when we merged with Atomic Monster.”
“I’ll be actively involved with him to introduce this new chapter,” Blum stated, also mentioning, “Thankfully, we’re able to spend a little more than the $15,000 we had on the first movie, but one thing will remain the same — do not see it alone.”
The original film was followed by Paranormal Activity 2 (2010), Paranormal Activity 3 (2011) and Paranormal Activity 4 (2012).
