Icon Home Entertainment has announced the upcoming DVD release of Paranormal Activity: Tokyo Night, the officially sanctioned Japanese sequel to 2009’s docu-horror Paranormal Activity.

This direct-to-DVD sequel to Oren Peli’s horror hit will be released in the UK on March 7, 2011.

Typically, its been U.S. filmmakers who adapt Japanese horror films for American audiences, like what was done with The Ring and The Grudge, but for Paranormal Activity: Tokyo Night, Japanese director Toshikazu Nagae has done the reverse, with input from the original U.S. producers.

And this time, there’s TWO bedrooms and apparently, twice the fear!

See below for the official synopsis, as well as a still from the movie.

Just a quick note for those of you out there who love your found footage scares, yes, another installment in the Paranormal Activity story is on the way.

Original director and franchise producer, Oren Peli, has informed Dread Central that Paranormal Activity 3 is already well on its way, and that the movie will come to haunt your dreams on October 21, 2011. No indication yet on where the movie will pick up from or where it’s heading story wise.

The first film in the soon-to-be trilogy only cost an unbelievable $15,000 and went on to bring in over $190 million worldwide. The sequel, which came out last month, had a bit of a drop, costing $3 million to make and brought back over $150 million worldwide — still an incredibly significant turnaround, to say the least.

A brand new clip has been released for the new thriller, Insidious.

The movie is directed by James Wan and written by Leigh Whannell, who co-created Saw together, and produced by Jason Blum, Steven Schneider, and Oren Peli, the team behind the indie horror hit Paranormal Activity.

The movie follows a family whose son slips into a coma before strange, inexplicable things start to happen, forcing them into a fight to keep evil spirits from trapping the boy in their realm.

Click on over to the other side now to get a peek at the movie in this new clip, which shows a sketch artist drawing out what a psychic is seeing near the young comatose boy.

Paranormal Activity was one of the major successes of last year. The little independent horror movie was written and directed by Oren Peli, and only cost around $15,000 to make before Paramount Pictures acquired it and jazzed it up a bit for mass release. With the movie going on to make almost $200 million worldwide, a sequel was guaranteed before it was even spoken about.

Since then no time has been wasted, the movie is in production, and the first teaser trailer for Paranormal Activity 2 is now online for the world to see.

Click on over to the other side to check out the first teaser trailer for now.

When someone makes a movie for less than a new car ($15,000) and it goes on to make over $100 million at the box office, you can guarantee yourself that a sequel is not too far off. And such is the case with Paranormal Activity 2 — the follow-up to the massive “home movie” horror flick that terrified the money right out of the pockets of gushing fans last Fall.

Since we’ve always known a sequel was coming and didn’t have to wait for a greenlight, the question has always been who would direct the sequel. The first movie’s captain, Oren Peli, has already lined up a new job doing a similar movie involving aliens called Area 51, and it was he who was happy to announce who would be taking over for him on Paranormal 2 via the official website.