pBy now you must have heard that Oren Peli has already shot his next project, a follow-up to the micro-budget smash hit a href=http://www.reelmovienews.com/movies/paranormal-activity/emParanormal Activity/em/a, but it wasn’t clear who would be distributing the $5 million dollar found footage styled emArea 51/em. Until now./p p style=text-align: center;img src=http://www.reelmovienews.com/files/area-51-warning-sign_279×223.jpg width=279 alt=Area 51 Warning Sign height=223 //p p style=text-align: left;Paramount Pictures, who distributed emParanormal Activity/em with a href=http://www.reelmovienews.com/2009/10/paranormal-activity-scares-away-jigsaw/resounding success/a, seems to be building a relationship with Peli. They’ve officially signed on to distribute emArea 51/em, having made a high seven-figure bid to co-finance the film with Incentive Filmed Entertainment and the Aramid Entertainment Fund as well as any potential sequels at the recent American Film Market./p p style=text-align: left;Area 51 has already been shot on a reported budget of $5 million in the same first-person camera style as emParanormal Activity/em, and like its predecessor, stars unknown actors.

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Paramount Picks Up Peli’s Paranormal Activity Follow-Up