Now, here’s a really interesting piece of news.  I haven’t actually gotten a copy of The Asylum’s Paranormal Entity (yet, hint hint, fellas!), but of course it’s the newest Asylumized mockbuster of Paranormal Activity.

As most of us know, because chances are, we’ve seen it--Paranormal Activity was shot with a DV camera in the same way that most of our home videos are shot.  So it plays right into The Asylum’s hands by allowing–indeed, ENCOURAGING–Paranormal Entity to be shot in a similar fashion.  I don’t know what kind of cameras they use on their stuff but I know the video quality is  seldom as good as the majors.  I’ve seen enough to know that’s the case.

So between this, and the fact that Paramount’s going to start throwing money at small-timers, does this bode well for the low budget filmmaking movement,   otherwise known, of course, as the INDIE film movement?

If budgets are dropping, and revenues are dropping thanks to things like Redbox kiosks, maybe it’s just what little studios like The Asylum were waiting for.

And the trailer for Paranormal Entity, meanwhile, is below.