Well, not really. Paramount announced they will be releasing a fifth installment of the Paranormal Activity franchise next Halloween. Since the first PA film was released in 2009 people have pretty much gone ape shit for it. I have never been a fan of the films and I haven't seen Paranormal Activity 4 yet, but this comes to no surprise to me.
Some people are questioning why Paramount has given the green light to a fifth film already because Paranormal Activity 4 is apparently the worst one yet and it is actually getting negative reviews from both critics and fans. However, this franchise is a cash cow for Paramount so they will run it into the ground just like what Lionsgate did with the Saw franchise. They should have stopped at the third and we got seven with a possible eighth still coming, or a reboot, so I am predicting Paranormal Activity won't die until a 6th or 7th film. If it stops at five I will be surprised.