Paranormal Activity didn’t invent the found footage horror genre, but it did help light the match that set the trend ablaze. Created by Oren Peli, the original film was reportedly made for around $15,000, yet went on to rake in almost $200 million, making it one of the most profitable films ever made. Seven sequels later, the franchise about malevolent ghosts and demons caught on camera continues to haunt audiences. And now, we’ve learned that Paramount Pictures and Blumhouse-Atomic Monster have tapped an exciting filmmaker for the relaunch!

According to...