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Fox cans Independence Day 3D, moves up Star Wars 3D prequel releases

21 November 2012 8:10 PM, PST

I can't determine whether it's a sign of little interest or high expenses that caused 20th Century Fox to cancel its plans to re-release Roland Emmerich's first end of the world FX extravaganza, 1996's Independence Day, in 3D. That's just what the movie studio has done, scuttling plans to post-convert the 16 year old sci-fi/action film into 3D and release it to theaters on July 3, 2013.

Maybe Fox doesn't believe that the first blockbuster to star Will Smith will make all that much at the box office, even if it was positioned to take advantage of the long holiday weekend that the film is titled after. Or maybe the $10-15 million dollars that it would likely cost to create Independence Day 3D wouldn't be a good gamble to take. Box office returns on 3D post-converted re-releases of aged blockbusters don't seem to produce red hot grosses.

But if that is »

- Patrick Sauriol

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Paranormal Activity 5 confirmed

21 November 2012 7:34 PM, PST

Paramount Pictures has announced that Paranormal Activity 5 will indeed happen, and the movie will come out in theaters on October 25, 2013. The studio has had very good success releasing a new Paranormal Activity every Halloween, with its last installment in the found footage horror franchise grossing $53 million dollars domestically.

What's not know is whether the directors of the third and fourth Paranormal Activity movies will come back for PA5. After their debut with 2010's Catfish, Paramount tapped Ariel Schulman and Henry Joost to take over the Pa series. While Paranormal Activity 4 made the least amount of money in the series' theatrical run, these movies are still hugely profitable for the movie studio. Made for a cost of under $5 million dollars each, the average gross of a Paranormal Activity movie has been $87 million from North American theaters alone -- and that's not counting the worldwide box office ticket sales or home video rentals. »

- Patrick Sauriol

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