Oren Peli made waves with his production of Paranormal Activity, but then immediately found it hard to get backing for his next alien inspired production of Area 51. Well, no more! Paramount has decided that they are more than willing to back this Blair Witch-esque production. No more needs to be said than that, because the movie is already done filming! Now it just need to be distributed and it will be scream time for all of us. Along with the Area 51 deal, Peli has agreed to work on a Paranormal Activity sequel for Paramount as well. Looks like there was a lot of “found footage” lying around. Peli must have went found footage dumpster diving. [Variety]

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