'Paranormal Activity 5' to release on Halloween 2013

Los Angeles: After the box-office success of 'Paranormal Activity 4', Paramount has announced that the fifth installment of the film will hit the screens next year on Halloween.

Christopher Landon, son of Hollywood legend Michael Landon, will helm the project, reported Dealine.

"This will be an off-shoot aimed at the groups who have been the biggest supporters of the property - Latinos and folks in Latin America - Mexico, Brazil, and Argentina," a source said.

The fourth movie in the franchise stormed the weekend box-office with USD 30 million.