James Wan has been a master of the paranormal for years thanks to the Conjuring and Insidious franchises, but never before has he taken on one of the 21st century’s most important genre properties. That is about to change, as Wan is among those bringing a new Parnormal Activity feature to the screen, with the move coming after the merging of his company Atomic Monster with that of Paranormal producer Jason Blum’s Blumhouse .

The feature has Paramount on board as a partner to co-finance, co-produce and distribute the movie. Oren Peli, the filmmaker behind the 2007 film that grossed $194.2 million on a shoe-string budget, will also produce via Solana Films. Blum is producing as well, with the theatrical feature said to be a priority for both Paramount and Blumhouse-Atomic Mon

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