The digital movie rental deal of the day over at Amazon today is the supernatural horror film Paranormal Activity 2, which is available for rental for only $.99.

This deal is valid only for today, Thursday, May 19, 2011, until midnight PST. Once you activate the rental through Amazon’s Instant Video service, you’ll have access to the movie for 24 hours. If you’re interested in purchasing the digital version, the cost is $14.99.

Also, if you’d like to own a physical copy of the movie, the Blu-ray is available for $20.99 (that’s 48% off the list price) and is part of Amazon’s “Buy This DVD and Watch it Instantly” program “” you get the film as a FREE digital rental you can watch immediately when your purchase the physical copy. [The DVD is on sale for 38% off at $18.49, but is not part of the Watch it Instantly program.]

Buy This DVD and Watch it Instantly
Watch the Amazon Instant Video rental on your PC, Mac, compatible TV or compatible device at no charge when you buy this Blu-ray disc from Amazon.com. Your rental will expire 24 hours after you begin watching or 30 days after your disc purchase, whichever occurs first. The Amazon Instant Video version will be available in Your Video Library and is provided as a gift with disc purchase. Available to US customers only.

Synopsis: “Paranormal Activity 2 is as groundbreaking as the original.”* Just as Dan and Kristi welcome a newborn baby into their home, a demonic presence begins terrorizing them, tearing apart their perfect world and turning it into an inescapable nightmare.

Directed by: Tod Williams
Starring: Katie Featherston, Micah Sloat, Brian Boland, Molly Ephraim, Sprague Grayden