The series was originally created by Oren Peli, who had directed the first film, Paranormal Activity, as an independent production and screened the horror movie at film festivals throughout 2007.
Blumhouse Productions has expressed interest in potentially rebooting the Paranormal Activity franchise.
Paranormal Activity was an overwhelming critical and commercial success, grossing an astronomical $193.4 million worldwide against an estimated production budget of just $15,000.
So far, both studios have produced and released four sequels – which released in 2010, 2011, 2012, and 2015 – and one spinoff, Paranormal Activity: The Marked Ones, which released in 2014.