“Paranormal Activity” Record Box Office (PHOTO, VIDEO) -- “Paranormal Activity” has surpassed The Blair Witch Project to become the most profitable movie ever made. Thanks largely in part to 8,000 Twitter followers and 125,000 Facebook fans, it has become the most talked about movie with the power of word of mouth in full effect. Read The Whole Jim Brogan Article.

Paranormal Activity Official Trailer

The low-budget upstart easily beats the latest entry in Lionsgate’s popular series. Three other new films — ‘Astro Boy,’ ‘Cirque du Freak’ and ‘Amelia’ — flop.

…Paramount indeed has a miracle on its hands with “Paranormal Activity,” a movie produced for $15,000 and acquired for $300,000 that vanquished four new pictures with combined production budgets of more than $155 million to finish No. 1 at the box office this weekend.

As “Paranormal” sold a studio-estimated $22 million worth of tickets on its fifth weekend, Lionsgate’s sixth entry in its annual “Saw” franchise, which has been a reliable cash cow for the independent studio since 2004, opened to a surprisingly weak $14.8 million…(Read the whole LA Times Article by Ben Fritz)