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Paramount Acquires Rights To Paranormal Activity Follow-Up Area 51

Paramount Pictures has won U.S. distribution rights to Area 51, the Oren Peli-directed follow-up to the hit horror film Paranormal Activity.

According to Variety, Paramount “made a high-seven figure commitment…to become co-financier with Incentive Filmed Entertainment and the Aramid Entertainment Fund.” ┬áThe three will also hold rights to any sequels.