Paranormal Activity Director Oren Peli has just signed a 7 figure deal with Paramount for the U.S. rights to his Area 51, which is in post-production right now. Paramount is already hoping for a 2010 release date!
Wow they really want to cash in on this guy don't they! Paramount beat out DreamWorks and Lionsgate for the rights! Peli said where it cost Paranormal Activity $15,000 to make it cost close to $5 million to make Area 51.
This guy is quickly becoming a hot commodity in Hollywood! Let's see how his Area 51 turns out!
The film tells the story of three teens whose curiosity leads them to the notorious Area 51 portion of Nellis Air Force Base in the Nevada desert.
Source: Hollywood Wire Tap