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.

Paranormal Activity 2
Directed by Tod Williams
Starring Sprague Grayden, Katie Featherston, Brian Boland, Molly Ephram, Micah Sloat
Paramount Pictures
Release date: October 22, 2010 

It should be noted that a majority of this review was typed on a smartphone while sitting in the theater waiting for something to happen. Okay not really, but it could have been done that way given the amount of down time viewers have between scary parts of Paranormal Activity 2.

It came as no surprise that after the original ultra-low budget original film made millions worldwide that Hollywood would try to capture lightning in a bottle a second time with a sequel. While others have done the same before with weak results (Blair Witch anyone?), it’s likely Paranormal Activity 2 will get the same reaction as the first… because it IS the same as the first.

The first important detail the previews left out is that this sequel is, for 97% of the film, a prequel to the original film. Set roughly two months prior to the events of the first film, Paranormal Activity 2 follows the Rey family, a married couple with two children, including newborn Hunter. After finding their home in disarray from what they believe to be a break-in, they have several security cameras installed. The film combines the footage from these cameras and a single hand-held camera that switches hands at several points.

In case you weren’t aware, there’s a little movie being released at midnight tomorrow called Paranormal Activity 2, which unbeknownst to me is quite the anticipated flick — just check out the fans that were lined up tonight for a sneak peek showing outside the Loews 34th Street theater in New York City.

If you’re not already out seeing the film, which is the follow-up to 2009’s Paranormal Activity 2, then check out this new clip that premiered last night during Spike TV’s Scream 2010 Awards.

Video of the clip is embedded here below; also, if you haven’t seen the trailer, it’s here below as well.

Paranormal Activity 2 is actually a prequel story, as it takes place 3 months prior to the events of the first movie where Micah and Katie are haunted by a spirit in their house. In the new movie, Katie’s sister and her family move into a new home around the corner from Micah and Katie where they feel they are not alone (and apparently, they’re not, otherwise, there’d be no movie).

Paranormal Activity 2, the sequel to 2009’s docu-horror Paranormal Activity, arrives in theaters in the U.S. and Canada at midnight on Thursday, October 21, 2010. If you plan on seeing the sequel, now’s your chance to own the original film for FREE.

Starting today, if you pre-order your tickets for Paranormal Activity 2, you will receive a code to download Paranormal Activity from the iTunes Store for free. The promotion is a limited-time-only deal and will expire on October 29, 2010.

To get in on this promotion, visit www.ParanormalMovie.com to get your advanced tickets for Paranormal Activity 2. To receive the offer, you must go through the “Paranormal Movie” site, which then has options to buy your ticket from Fandango or Movie Tickets. Once you’ve purchased your advanced ticket for Paranormal Activity 2, you will receive an email within 24 hours with the free iTunes download code for Paranormal Activity.

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.