'Paranormal Activity 4' in the works

LOS ANGELES, Jan. 3 (UPI) -- Paramount Pictures plans to release a fourth low-budget "Paranormal Activity" movie this year, The Hollywood Reporter said.

No specific release date has been disclosed.

Last year's "Paranormal Activity 3" cost $5 million and took in $202.2 million in box-office receipts worldwide.

The first entry in the spooky movie franchise, which opened in limited release in late 2009, cost $15,000 to produce, then went on to gross $193.4 million worldwide.

"Paranormal Activity 2" cost $3 million and raked in $177.5 million globally in 2010, The Hollywood Reporter said.