Paramount picked up the theatrical rights to a mini-budgeted reality-based fright film titled
Paranormal Activity and has reaped unexpected benefits. Like
The Blair Witch Project, this film was made for peanuts ($11,000). It was to have been re-shot with a "name" cast, but Steven Spielberg championed releasing it as is. The limited release into only 200 theaters has thus far resulted in a phenomenal gross of $7 million, thanks to widespread word of mouth among college students. Now there is a campaign afoot to convince the studio to give the movie a much wider release. For more
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