Paramount Pictures will release the currently "Untitled James Wan Paranormal Activity" movie on May 21, 2027, the studio announced Friday. Rising horror writer/director Ian Tuason is set to direct the Blumhouse-Atomic Monster feature.

After multiple rejections, David Ellison could hit the nuclear button in his quest to wrest the studio empire from would-be-buyer Netflix. But this next fight may be a more public - and bruising.

Paramount Skydance executives are reportedly not pleased about the Netflix deal with Warner Bros. Netflix to acquire Warner Bros., including HBO, for $82.7 billion. Paramount may launch a hostile takeover, arguing its bid offers better regulatory odds.

Paramount plans to frame the Netflix-WB deal as unlawful after WB rejected Paramount's counter-offer continuously.