Bloody-Disgusting confirms that Paranormal Activity 3 has been greenlit by Paramount Pictures, and that it will be released on October 21, 2011.
Original Paranormal Activity director and Paranormal Activity 2 producer Oren Peli made it official, although no specific details on the movie's plot have been revealed at this time.
Paranormal Activity 2, which was released in theaters on October 22, has grossed over $82 million domestically and over $156 million worldwide, from just a $3 million production budget.
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It isn't clear if a script is being written at this time, or if Paranormal Activity 2 director Tod Williams will return to help with this third installment of the popular horror franchise.