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Shot on a shoestring budget, the first Paranormal Activity delivered plenty of scares and a record-setting return on investment for Paramount Pictures. The studio released two more sequels in quick succession in an attempt to repeat some semblance of that surprise success. Paranormal Activity 4 is the series’ fourth movie in five years which continues the horror movie convention of “found footage” around which to construct its plot. Check out the official first trailer for Paranormal Activity 4 to see if the formula still has what it takes to make a good horror film when it lands in October.