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.

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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.

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.