Another Halloween means another Paranormal Activity. With the Saw franchise dead and gone, Oren Peli’s low-budget supernatural horror flick has picked up the torch to become the go-to movie during the spooky season in late October. As seen in the trailer, the tape footage reveals the year 1988 meaning that the three-quel may serve as a true Paranormal Activity prequel starring a young Katie. Catfish directors Ariel Schulman and Henry Joost are at the helm here, and Peli serves as producer with Jason Blum, Steven Schneider, and Akiva Goldsman. PA3 releases October 21, 2011.