Bidding From Next Film from "Paranormal Activity" Director 


As we reported on Oct. 6th, director Oren Peli's "Paranormal Activity" follow-up is an exploration into the horrors of Area 51. Sounds exciting right? But apparently, Hollywood is approaching this news with caution. (Check original story -- "Paranormal Activity" Director to Explore Area 51!)

Oh there's a bidding war going on right now for the U.S. rights to "Area 51," but every studio is taking a "wait-and-see" approach.

"Paranormal Activity," a film that was made for $15,000, so far, has made $62.5 million! If you haven't seen the film, go watch it now, it's truly scary!

Now, "Area 51," being made with a modest budget of $5 million, is still in search of a studio backing. So the big question is, how much is Peli's next film really worth?

Take a look at this article and pay attention to how cautious Hollywood is playing the "Area 51" game.

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