With the horror-franchise Paranormal Activity going strong (the three movies released so far have brought in an excess of half-a-billion dollars) and recent religious horror films doing well in the box office (The Devil Inside), the Paranormal Activity folks are turning their attention to a film that explores Catholic-based paranormal mythology. The twist on this offshoot is that they're targeting the Latino community, an increasingly important market for movie studios. While the horror flick will feature a Latino cast, the film will not be in Spanish. Paranormal Activity producers Jason Blum and Oren Peli will reunite with writer Christopher Landon, who will write and direct the project for Paramount.  Hit the jump for more info.

HeatVision reports that Paramount aims to make the movie within the next few months on a micro-budget. This could potentially set the film up to debut sometime in early January 2013.  Paramount's The Devil Inside cleaned up the box office in that time frame earlier this year, bringing in around $100 million globally on a budget of around $1 million.  That particular iteration of religious-based paranormal theater played well in the Latino market and the studio is obviously hoping to capitalize on that trend.

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