Its first week in national release, Paranormal Activity raked in an astounding $22 million, coming to a total of $64 million. For a movie that was made for $15,000 and did those numbers at the box office, you know that those higher-ups will want more out of such a successful franchise.

“We have the rights on a worldwide basis to do ‘Paranormal 2,’ and we’re looking to see if that makes some sense,” Paramount chairman Brad Grey said.

Many fans fear (myself included) that we’ll get another Book of Shadows: Blair Witch 2 on our hands if a sequel does get made.

Director Orsen Peli seems to be a bit more cautious about the idea: “Even if we had some ideas for sequels, we wouldn’t be talking about them in advance.” When asked if a prequel was a possibility, he slyly replied, “Maybe.”

Check out a short video after the jump of Peli talking about the overwhelming success of the film.