Director Oren Peli's first movie isn't even out of cinemas yet but a hungry Paramount Pictures have already snapped up the rights for his second venture, Area 51.

Peli's haunted house shocker Paranormal Activity was made on a shoestring $15,000 and has since accumulated over $107 million, becom❀ing one of the most successful movies in Hollywood history.

Released in the US three months ago, it's just hit the overseas market and is now🔴 raking in even more dosh from scared, popcorn♍-spilling punters worldwide.

Peli's follow-up, Area 51 , which has just finished filming in Utah, focuses on three teenagers who stumble across the top s♎ecret government baওse - with unpleasant and possibly alien-related consequences.

This one cost a more impressive (and yet still relativeꦉly tiny) $ꦿ5 million.

Closer plot details are still under wraps, but the gimmick appears to be the same 'found footage' technique used on Activity.

Paramount have paid $7.5 million for the movie's distribution rights without even seeing a glimpse of what's been filmed so far. That's what we 𓄧call confidence.

Will aliens be as scary as ghosties? Is Paranormal Activity a Blair Witch-style one-off or does Peli have a glittering career ahead? Let us know below!