AFM ’08: ‘Paranormal Activity’ Sells Like Hot Cakes, Sequel Planned

Some huge news for Oren Peli this weekend as his feature film debut, Paranormal Activity (review) has been selling like hot cakes at this week’s AFM. The Blair Witch-esque supernatural shocker has been sold to Icon for the UK, Australia and New Zealand, Metropolitan for France, Svensk for Scandinavia and RCV for Benelux, with deals closed with Korea Screen in South Korea, Village Roadshow in Greece, Golden Village in Singapore and Eco Films in Portugal. The kicker is that more offers were on the table, including local-language sequel rights with buyers from Russia, Japan and South Korea (now that’s a first). DreamWorks holds North American rights to Paranormal Activity, which screened at Slamdance earlier this year and tells of a couple haunted by a demonic spirit. Rumor has it that the remake has been scrapped while the original film is tightened up, although that has yet to be confirmed.

Source: Screen Daily