'Paranormal Activity 2' finds new director

'Paranormal Activity 2' has a writer, director, release date...

The worst thing that can happen to Orel Peli's surprise hit "Paranormal Activity" is a sequel, and that's exactly what Paramount Pictures is developing at the moment. The studio thinks it's a great idea because the film made so much money, but in my book, it's just another terrible Hollywood decision.

Yeah, they mess up shit all the time, so why not continue? Fact is, "Activity" is a great experiment that worked out so well, and I firmly believe the world does not need "Paranormal Activity 2." But hey, what do I know, right?

Anyway, Heat Vision reports Paramount has hired Michael R. Perry to write the sequel and Kevin Greutert to direct it. Greutert last directed "Saw VI." On top of that, it looks like the sequel will open Oct. 22, 2010. Hey! Wait! That's the same weekend "Saw VII" hits theaters!

Peli will stay on board to produce, and I sure hope he will at least have some say in this thing. In case you missed it, "Paranormal Activity" was produced on a $15,000 budget and ended up making more than $150 million worldwide. It was the biggest surprise of 2009.

Meanwhile, Peli's new film "Area 51" will hit theaters soon. He scared us once, and I sure hope he can scare us again. Stay tuned for more on the "Paranormal" sequel.