Who doesn't want to create the next 'Paranormal Activity' type blockbuster? The buckets of money minus the few dollars it cost to make has studios everywhere still chomping at the bit to find the right formula and Dimension Films think they might have it...

Follow up:

"The Mummy Archives" will be developed for around a very modest $5 million dollars. When you hear the name "Mummy" Dimension does not want you to think of Brendan Frasier. "The Mummy Archives," is described as a more artful and modestly budgeted version of the once popular "Mummy" franchise that spawned The Rock's (Dwayne Johnson's) movie career. Gonzalo Lopez-Gallego is attached to write and direct this film.

According to Dimension he film will focus on several young people who are haunted by a mummy curse, with the action playing out very much in the unseen realm, as both the audience and the characters frequently experience the effects of the curse without seeing it explicitly.

Will it have the even close to the luck that "Paranormal" experienced, only time will tell. Stay tuned for more details as we get them.

Source: LA Times