Paramount snags followup from 'Paranormal Activity' director

U.S. distribution rights for Paranormal Activity director Oren Peli’s next film have gone to Paramount Pictures, Variety reports. Area 51 is an aliens-related film using the same “found footage” format as Paranormal Activity, though it had a higher budget due to that film’s success. Shooting finished in early November, with a 2010 release expected.