Even though director Michael Bay is currently directing Transformers 3, he still found the time to pick up another film to produce. Heat Vision Blog is reporting that Paramount has acquired an untitled sci-fi pitch for Bay to produce.

First-time screenwriter Bobby Glickert wrote the film, which was said to be a cross between Cloverfield and Paranormal Activity. Bay already has a connection to Paranormal Activity, since he is executive producing Paranormal Activity 2.

We'll be sure to keep you posted on any further news regarding this untitled film which Michael Bay is producing as soon as more information comes in.