UPDATE 1-'Paranormal Activity 4' haunts top of movie charts

Sun Oct 21, 2012 12:58pm EDT
 
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By Lisa Richwine

LOS ANGELES Oct 21 (Reuters) - The fourth "Paranormal Activity" fright flick crept into the No. 1 spot at the weekend box office with $30.2 million in U.S. and Canadian ticket sales.

Iran hostage thriller "Argo" earned $16.6 million and took second place, studio estimates released on Sunday showed. Two-time box office leader "Taken 2" fell to the No. 4 spot with $13.4 million from Friday through Sunday.

Low-budget "Paranormal Activity 4" opened short of distributor Paramount's projection for at least $35 million in domestic receipts during the movie's leadoff weekend. The film also trailed its predecessor in the haunted house series. The third "Paranormal" rung up $53 million in its debut last October.

But with million more from international markets, the fourth installment already had grossed far more than its tiny production budget of $5 million.

"We're thrilled," said Don Harris, Paramount's president of domestic distribution. "It was in a slightly more crowded market than a year."

The strong showing for the film bodes well for more to follow.

"It is highly likely that we will do another," he added.   Continued...