UPDATE 2-'Paranormal Activity 4' haunts top of movie charts

Sun Oct 21, 2012 5:53pm 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 lead off 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 $26.5 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 ago."

The strong showing for the film bodes well for more to follow. "It is highly likely that we will do another," he said.

The new "Paranormal" chronicles the strange events that haunt a neighborhood after a woman and her young son move in. As in the earlier films, the movie uses a "found footage" style by capturing mysterious encounters with invisible forces on surveillance cameras.   Continued...