First there was Paranormal Activity, which had a very modest budget of only $15k but went on to make an impressive $183 million worldwide. So it was pretty much guaranteed that a sequel would be made and so it was. Paranormal Activity 2 had a larger budget of $2.75 million and once again made a huge impression by taking $174 million worldwide.
So once again another sequel was agreed to be made and Paranormal Activity 3 will be released later this year. Paranormal Activity 3 is set in 1988 and centres around the history of Katie and what happened to her and her sister when they were both just children.
If Paranormal Activity 3 follows the trend set by the previous two movies and makes it big at the box office, you can be sure that a fourth will be made in the future. Paranormal Activity 3 is set to be released in both the US and the UK on October 21. Check out the trailer below.