Paranormal Activity Team Finds Fate

Supernatural magazine as source fodder?

With the found footage franchise machine humming along happily for him, Paranormal Activity producer Jason Bloom is looking for other ways to bring strange events to the screen. And he may just have struck a rich vein of source material, entering a deal to buy the rights to Fate magazine.

Fate, which sounds much like a cross between the Fortean Times (whose founder is the subject of a film already in development) and the more lurid excesses of Bizarre, was first published in 1948. Quickly finding an enthusiastic audience, it blended first-person stories of the macabre with investigations and even some sceptical inquiries into various happenings.

Blum is working with Picture Shack Entertainment duo George Plamondon and Betsy Schechter – who are experienced in all things spooky given that they oversee unscripted US TV series Paranormal State – to turn articles from the mag into possible movies and goggle box shows. "Whether you believe or not, if you watch someone who believes, it's fascinating," Plamondon says in a statement picked up by the Hollywood Reporter.

Right now, there are no solid plans in place, but there’s definitely scope for a new, Twilight Zone-style anthology series and, if Blum has anything to do with it, another horror franchise…