Looks like PARANORMAL ACTIVITY franchise isn't going to rest its laurels anytime soon. This year on October 21, 2011,, we will be treated once again with PARANORMAL ACTIVITY 3. The third movie of the phenomenally successful horror franchise will be directed by CATFISH duo, Henry Joost and Ariel Schulman. Oren Peli is once again on board as the producer. In the meantime, check out the trailer below.