Directors Henry Joost and Ariel Schulman helmed the mockumentary Catfish.
Zack Estrin (ABC's The River) scripted the sequel.
It's said that PA3 director's Henry Joost and Ariel Schulman are likely to return.
The Paranormal Activity series is said to be the most profitable film property of all time. The first installment, cost a mere $15,000, but went on to gross $193.35 million worldwide. The second was made for $3 million and grossed $177.51 million worldwide. The third opened to $54 million -- the highest-grossing opening weekend for a horror film ever and the biggest October opening ever. Its budget: $5 million. In total, so far the three films have only cost $8,015,000 all together, and have made a worldwide total of more than $450 million.
The obvious fourth installment in the Paranormal Activity franchise.
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