CATEGORIES Movies
If it worked once before, then try to repeat it as much as possible -- that is perhaps the oldest practice in Hollywood.

Variety reports that Paramount Pictures is conjuring a production division that will dedicate $1 million annually to the development of 10 to 20 films, each with a budget that doesn't exceed $100,000. The studio is, of course, trying to replicate the phenomenal success of Oren Peli's horror film 'Paranormal Activity,' which was produced for a mere $15,000 and has grossed over $100 million. If it worked once before, then try to repeat it as much as possible -- that is perhaps the oldest practice in Hollywood.

Variety reports that Paramount Pictures is conjuring a production division that will dedicate $1 million annually to the development of 10 to 20 films, each with a budget that doesn't exceed $100,000. The studio is, of course, trying to replicate the phenomenal success of Oren Peli's horror film 'Paranormal Activity,' which was produced for a mere $15,000 and has grossed over $100 million.

Paramount Film Group president Adam Goodman came up with the plan and indicates that the projects will involve both established and unknown talent, with the goal of the studio finding new voices and ideas.

This move is certainly a no-brainer on Paramount's part after the success of 'Paranormal Activity.' It also might be jumping the gun just a little. The same thing happened with the success of the first 'Spider-Man' movie, after which it seemed every comic book property on the planet got the green light. However, some did well and others didn't, suggesting that maybe audiences didn't necessarily want a bunch of comic-book movies -- they just wanted a 'Spider-Man' movie.

Could the same thing happen here? Do mainstream audiences really want to see a bunch of no-budget movies, or do they just want to see a well-done and unique ghost story?