'Paranormal Activity 5' Snags 'Almanac' Writers (Exclusive)

Paranormal Activity 4 Childs Room - H 2012
<p>Paranormal Activity 4 Childs Room - H 2012</p>   |   Paramount Pictures
Jason Pagan and Andrew Deutschman will pen the next installment of the horror franchise for Paramount.

Paramount has captured its next victims -- we mean, writers -- to pen Paranormal Activity 5.
Jason Pagan and Andrew Deutschman will write the latest installment of the scary movie franchise, which has so far made more than $718 million worldwide.

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A Latin-themed spinoff titled Paranormal Activity: The Marked Ones is due to be released Jan. 3, 2014. Paranormal Activity 5 is set for an Oct. 24, 2014, open.
No plot details have emerged but as the process for these movies go, Pagan and Deutschman will write scriptments that will serve as the basis for the found footage movie.

Jason Blum and Oren Peli are producing. 

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Pagan and Deutschman are already well-entrenched in that lucrative genre and at Paramount in general: They wrote Almanac, the Michael Bay–produced found footage sci-fi thriller that the studio will release Feb. 28, 2014.

And last month Paramount picked up Raindrop, another film that reteams the writers with Bay and his Platinum Dunes partners Brad Fuller and Andrew Form and is meant to be another entry in the handheld camera genre. 

Pagan and Deutschman are repped by WME, manager Trevor Engelson at Underground and attorney Andrew Hurwitz.