Zack Estrin (Prison Break, No Ordinary Family) is set to write Paranormal Activity 4 for Paramount Pictures. THR reports that writer of the The River has signed on to script the fourth installment of the lucrative horror franchise. This news makes sense since Estrin has a solid relationship with franchise creator Oren Peli and producer Jason Blum; both are executive producers on The River.

The film is slated for release on October 19. Not much is known about the new film at this time. Paranormal Activity 3 directors Henry Joost and Ariel Schulman are likely to return, but deals have not been finalized.

The third film raked in an astounding $54 million in the U.S. and grossed $202.2 million worldwide. This surpassed the first two films, which is rare for a third film of a franchise. What makes the films great is their low budget. The third film cost $5 million to produce. The first cost about $15,000 to produce and grossed $193.4 million worldwide. Paranormal 2 cost about $3 million to produce and grossed $177.5 million worldwide. 

Many people think that the third film is the best in the franchise. I am interested to see where the filmmakers take the story on this fourth outing. Are you a fan of the Paranormal Activity franchise? Are you looking forward to a fourth film?

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