Lili Taylor in The Conjuring

Oren Peli – director of indie horror hit Paranormal Activity – reveals that he turned down the chance to direct The Conjuring. Released wide in 2009 by Paramount, Paranormal Activity was at its essence the indiest of indie films. Originally made for only $15,000, Paranormal Activity made waves at festivals, before ultimately getting picked up by the Hollywood machine. The found footage fright flick would ultimately gross nearly $200 million worldwide, making it insanely profitable for all involved.

Paranormal Activity would in turn spawn a franchise that has so far consisted of 6 total films, with a reboot now reportedly being considered. The series as a whole has hauled in over $400 ...

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