Japan's Presidio Corp lands Oren Peli's thriller
IM Global has sold helmer Oren Peli’s supernatural thriller “Paranormal Activity” to Japan’s Presidio Corp. in a deal that could also spark the first of several local-language sequels.In North America, the pic about a young couple who attempt to film poltergeist activity will be released through Paramount on behalf of DreamWorks sometime next year. L.A.- and London-based IM Global struck the territory and sequel rights deal Wednesday after considering competing bids from four Japanese distribs. IM Global topper Stuart Ford said his company is negotiating the sale of local sequels in South Korea and Russia and reported that it has received bids from four multiterritory distributors for Peli’s sophomore pic, “Area 51.” While other international distribs will try to release “Paranormal Activity” as close as possible to the DreamWorks outing, Presidio, a mid-sized genre specialist, has yet to set a date for Japan, where theater booking is a prolonged process. Presidio is expected to put together a consortium of companies to produce and market the Japanese-language sequel. Story development will be conducted in close consultation with Peli and “Paranormal” producers Jason Blum and Steven Schneider of Blumhouse Prods.