Paramount Pictures
Jeff Labrecque
January 03, 2012 AT 01:52 PM EST

Paramount announced that Paranormal Activity 4 will be released in 2012, continuing the successful low-budget horror franchise that has banked nearly $300 million in the last three years. The third film debuted in October with a $52.6 million weekend, on its way to a $103.8 million run. In a press release trumpeting the studio’s 2011 successes —  notably a record $5.17 billion worldwide in grosses — Paramount confirmed that another Paranormal Activity was on its way this year, along with Brad Pitt’s World War ZG.I. Joe: Retaliation, and Sacha Baron Cohen’s The Dictator.

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