'Paranormal Activity 4' Scares Away Box Office Competition

'Paranormal Activity 4' Scares Away Box Office Competition

LOS ANGELES (Reuters) – The fourth “Paranormal Activity” fright flick crept into the No. 1 spot at the weekend box office with $30.2 million in U.S. and Canadian ticket sales.

Iran hostage thriller “Argo” earned $16.6 million and took second place, studio estimates released on Sunday showed. Two-time box office leader “Taken 2” fell to the No. 4 spot with $13.4 million from Friday through Sunday.

Low-budget “Paranormal Activity 4” opened short of distributor Paramount’s projection for at least $35 million in domestic receipts during the movie’s leadoff weekend. The film also trailed its predecessor in the haunted house series. The third “Paranormal” rung up $53 million in its debut last October.

But with millions more from international markets, the fourth installment already had grossed far more than its tiny production budget of $5 million.

The strong showing for the film bodes well for more to follow.

The new “Paranormal” chronicles the strange events that haunt a neighborhood after a woman and her young son move in. As in the earlier films, the movie uses a “found footage” style by capturing mysterious encounters with invisible forces on surveillance cameras.

The franchise produced by Jason Blum has brought in big bucks since the original hit theaters in 2009. The first three “Paranormal” films grabbed $577 million in global ticket sales. Each movie was produced for $5 million or less.

Receipts for “Argo” dropped 15 percent from a week earlier. The movie has earned glowing reviews from critics and a rare “A+” grade from audiences polled by CinemaScore.

In fourth place, “Taken 2” stars Liam Neeson as a former spy who is kidnapped in Istanbul. The action film has grossed $105.9 million through three weekends.

In the No. 3 slot, family movie “Hotel Transylvania” pulled in $13.5 million at North American (U.S. and Canadian) theaters. Global sales for the animated film reached $119 million through Sunday.

The movie features Perry outside of the popular comedic role of Madea that he created. In “Alex Cross,” the actor plays a psychologist and homicide detective in hot pursuit of a serial killer played by Matthew Fox. The film is based on the character at the center of a series of best-selling crime novels by James Patterson.

Paramount Studios, a unit of Viacom Inc released “Paranormal Activity 4.” “Argo” was distributed by Warner Bros., a unit of Time Warner Inc. “Taken 2” was released by 20th Century Fox, a unit of News Corp. Sony Corp’s film studio released “Hotel Transylvania.”

(Reporting By Lisa Richwine; editing by Patricia Reaney and Sandra Maler)