PARANORMAL ACTIVITY 4 (In Development)

• PARANORMAL ACTIVITY 4 REAL!!!

With the wild success of Paranormal Activity 3 this past weekend, another sequel is almost a sure thing according to Paramount's head of domestic distribution Don Harris.

"I can't imagine that we wouldn't make a number four, and I imagine [Paramount Film Group president] Adam Goodman this morning is thinking about the challenge," said Harris. "I'm sure he's thinking, 'Now what do I do?'"

Paranormal 3 debuted to record-breaking numbers on Friday in the United States, opening to $54 million -- the highest grossing weekend for a horror movie and the biggest opening for an October release ever. Not too shabby for a $5 million budget. Between the three films, the series has become one of the most profitable franchises of all time, grossing over $450 million worldwide with a combined budget of a meager $8 million and change.

The films have become something of an October tradition for Paramount since the first Paranormal's release in 2009. According to The Wrap, Harris claims that 2012 will be no exception, and we'll likely see a Paranormal Activity 4 this same time next year.

"It's certainly possible to have another October release," he said. "I'm sure the right material and the right director will have to come together with the budget because they don't spend a lot of money."