According to BFDMemo, Paramount Pictures has picked up the distribution to director Oren Peli’s Area 51, the highly anticipated follow-up to this year’s box office smash, Paranormal Activity. As previously reported on numerous occasions, Paranormal Activity is the most profitable film of all time, pulling in more than $106 million at the box office on only a budget of $11,000.
BFD notes “Peli had a much larger budget to work with on this extraterrestrial tale than he did for his ghost story, as sources said he brought the film in at a shade under $5 million.” The story continues that Area 51 will employ the same “found-footage” device of Paranormal Activity as it follows three teens whose curiosity brings them to the infamous secret military base of sci-fi lore. While no release date has been set, the film almost certainly debut sometime in 2010. Peli’s next film after Area 51 will be another installment of Paranormal Activity which Paramount will also distribute.