Viacom's 'Paranormal Activity' continues to wow Hollywood - Steven Mallas

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Viacom's 'Paranormal Activity' continues to wow Hollywood
Oct 19, 2009 01:20 PM UTC

Steven Mallas

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Filed under: General Electric (GE), Time Warner (TWX), Viacom (VIA), Film, Lions Gate Entertainment (LGF)

Time Warner's (NYSE: TWX) Where the Wild Things Are was number one over the past weekend at domestic theaters as of early estimates from Box Office Mojo. The film grossed well over $30 million. Coming in second was Law Abiding Citizen. If Wild Things wasn't in the market this weekend, that one definitely would have been tops at the multiplex. The revenge fest, from Liberty Capital Group's (NASDAQ: LCAPA) Overture Films, brought in $21 million.

Right on the heels of that project is the very cheaply made Paranormal Activity, courtesy of Viacom (NYSE: VIA). It made about $20 million. So far, Activity has generated over $30 million in total. And they say the little horror extravaganza cost less than $20,000 to produce!

Continue reading Viacom's 'Paranormal Activity' continues to wow Hollywood

Viacom's 'Paranormal Activity' continues to wow Hollywood originally appeared on BloggingStocks on Mon, 19 Oct 2009 08:20:00 EST. Please see our terms for use of feeds.

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