Fans of the 'Paranormal Activity' franchise may be sad or actually relieved to hear that the long-running horror movie series will be coming to an end with its next release.

While the initial movie found critical success with its debut and heinously small budget, subsequent films unfortunately haven't been able to find that same appeal. It also came out at a point in time when there weren't many competitive horror movie series thriving on the market.

"Paranormal Activity opened in 2009. It made $107 million at the domestic box office-coincidentally, exactly as much as the same year's Watchmen. Except Watchmen cost $130 million and Paranormal Activity cost roughly as much as that night last month when you took your spouse out for a nice dinner. Oren Peli's found-footage horror film was a terrifying lo-fi sensation-and the Paranormal Activity series took over from the fading Saw franchise as the annual Halloween horror saga, with Paranormals 2-4 following each ensuing October," writes EW.

In a recent interview with USA Today, producer Jason Blum announces that this October's 'Paranormal Activity: The Ghost Dimension' will be the last film in the franchise and also end the series' saga.

"This is it, the finale," says Blum. "We're not going to grind this horror franchise into the ground."

"Blum promises that The Ghost Dimension will answer all your lingering questions from the previous Paranormal films, like "Where did Toby the Demon come from?" and "Yeah, did you know that the bad guy in these movies is a demon named Toby?" Ghost Dimension will be in 3D. And lest you think that this is all just some sort of publicity ploy before the inevitable franchise reboot, Blum has a clear-cut statement to offer you: 'At some point, might there be a reboot? You never know. We've never discussed it,'" writes EW.

'Paranormal Activity: The Ghost Dimension' sets to release on October 23.