It seems that the success of the box office phenomenon Paranormal Activity has kickstarted the efforts the pioneering indie filmmakers a decade before them. The Toronto Star recently spoke with The Blair Witch Project co-director Eduardo Sanchez, who revealed that he and co-director Daniel Myrick are readying The Blair Witch Project 3. Here's an excerpt from the article.

They're now at the point where they're ready to do a Blair Witch 3, once again sharing writing and directing. They'd pick up from where the original left off, pretending Blair Witch 2 never happened. The duo recently went on a drive through their original Blair Witch haunts, about a half hour from Sánchez's Maryland home, looking for inspiration.

They've worked up a treatment for a new story, which would involve original cast members Heather Donahue, Joshua Leonard and Michael C. Williams, albeit in smaller roles.

"We're at the step where we're about to pitch to Lionsgate, which owns the movie rights now. It's pretty much up to them. They can completely squash it or greenlight it."

CLICK HERE for the full article where Sanchez speaks about Paranormal Activity and the new narrative structure for the third film. We'll be sure to keep you posted as new information on this project comes in.