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Paranormal Activity at DreamWorks

DreamWorks has nabbed rights to Slamdance Festival
entry Paranormal Activity–but don’t get too excited. Variety
is reporting that the film, directed by newcomer Oren Peli, will likely go to DVD without a theatrical release. Says the
magazine, “Peli shot the film over one week with a high-def camera in his
own house and with two unknown actors, Katie Featherstone and Micah Sloat, who
manned the camera much of the time.” Even though it’s going straight-to-DVD, Peli’s got to be happy with the cash.
According to Variety, the haunted house film had a
“micro budget.” If you can’t wait for the DVD,
check out the trailer,
which has a Blair Witch–like feel to it.

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