Katie Featherston and Micah Sloat Paranormal Activity Here's a frightening thought: Paramount Pictures is toying with the idea of making a sequel to the surprise low-budget hit 'Paranormal Activity.' The film, made on a shoestring budget of $15,000 and filmed in the director's house in San Diego, rolled out slowly in late September and has earned more than $62.5 million so far; this weekend it stood at No. 1 at the box office, beating out the film favored to land on top, 'Saw VI.'