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Is This The Next 'Paranormal Activity'?

Filed under: Sci-Fi & Fantasy, Deals

Is there anyone out there who hates Paranormal Activity, Oren Peli's incredibly effective dive into "found footage" filmmaking? Judging by the fact that it sold out every single one of its midnight showings in 33 different cities last weekend, I think it's safe to say that people are loving the idea of being terrified Blair Witch style without having to commit to the false idea that what they're seeing is reportedly real footage. Sure, Peli's film made for roughly $15,000 is a genuinely frightening breath of fresh air, but what I admire most about is its refusal, from a marketing and narrative standpoint, to try and sucker viewers into thinking it is anything but a damn good haunted house simulation.

So how does one follow up faux found footage from a haunted house? With faux found footage from Area 51, of course. Variety is reporting that two groups of investors have locked down $5,000,000 for Oren Peli to make a film that tells, "the story of three teens whose curiosity leads them to the notorious "Area 51" part of Nellis Air Force Base in the Nevada desert."

Read the rest of over at SciFiSquad.

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