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The LA Times spoke with Paramount Chairman Brad Grey today, who said, "We have the rights on a worldwide basis to do 'Paranormal 2' and we're looking to see if that makes some sense." Grey believes the original is on track to gross more than $100 million domestically. That would make it the most profitable film for Paramount since he took over in 2005 and, quite possibly, in the studio's history.
But lest they move too quickly, let's not forget that producing follow-ups to low-cost movies that unexpectedly capture the nation's attention can be difficult, however, making a "Paranormal" sequel a potentially perilous task for the studio. "Book of Shadows," the 2000 follow-up to 1999's indie horror phenomenon "The Blair Witch Project," was very poorly received and grossed just $26.4 million domestically, compared to $140.6 million for the original.
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