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Will Eubank and Christopher Landon are teaming up for a new “Paranormal Activity” film for Paramount Players, set for release on March 4, 2022.

Eubank, who most recently helmed “Underwater,” the Kristen Stewart-starring deep sea thriller, will direct the project, described as a “new, unexpected retooling” of the highly lucrative found footage franchise. Landon returns to write his fifth “Paranormal” movie and will executive produce the film.

“Chris’s rendering of this world is unparalleled,” Eubank tweeted shortly after news of the partnership broke. “I couldn’t be more excited to join him down this path of madness!”

Landon echoed Eubank’s sentiments, writing: “I’m really excited for this — mainly because no one could possibly guess what new, crazy nightmares ⁦@superswift and I are cooking up. Expect the unexpected.”

Blumhouse Productions founder and CEO Jason Blum and creator Oren Peli (who also wrote, directed and shot the original film) will produce, with Steven Schneider as an executive producer.

Paramount and Blum teamed for the original “Paranormal Activity” in 2009, which was famously produced on a micro budget and went on to gross more than $190 million worldwide, spawning five sequels. Landon began his work on the franchise with the 2010 sequel, writing “Paranormal Activity 2,” “Paranormal Activity 3,” “Paranormal Activity 4,” and “Paranormal Activity: The Marked Ones,” before going on to write and direct “Happy Death Day 2U” and “Freaky.” Landon also directed “Happy Death Day,” all of which were produced by Jason Blum and Blumhouse.

Eubank is repped by CAA and Anonymous Content. Landon is repped by WME, Mosaic, and Bloom Hergott.