After the success of Paranormal Activity 2 at the box office (the film made $157 million worldwide from a mere $3 million budget) Paramount Pictures has made the executive decision to push another sequel into production. I'll pause for the collective groaning from sequel haters and collective cheering from Paranormal Activity fans.

While there's no word yet on who will write or direct it, Paranormal Activity 3 has been set for an October 21, 2011 release date. At least next year, there won't be a Saw film to compete with, as Lionsgate has said that Saw 3D will be the last we see of Jigsaw.