I'm a huge fan of the first "Paranormal Activity" but I love B-movies and especially horror films so I gave this a shot. Granted, it's of course no masterpiece, but The Asylum's more or less direct rip-off of the "found footage" hit has its moments.
The film begins when Thomas invests in a few small home camcorders to videotape the odd and supposedly paranormal events that have been plaguing the house ever since his mother's attempt at communicating with their recently deceased father. The entity has had a particular inclination for terrorizing his sister, Samantha, who bears an intolerable likeness to Katie Featherston in terms of hairstyle and large endowment (which also of course get more screen time in this film than P.A.).
Beyond that, the film is more or less a cookie cutter copy of the original's even most minute details: the night-time photography, the possession scenes, the cinematography, the "low rumbling" sound when the spirit is present, the title cards for the night scenes, the idea that leaving the house will do nothing as the entity will "follow" the cursed, attempts at contacting a demonologist, footprint markings, you name it.
With that said though, this film does have its gems. This film is definitely more visual and graphic in its depiction of the entities' activities, which is in a way good and also bad. It's nice to see that they didn't skimp on special effects as what you actually see on camera is more interesting and in a way, scarier (one night in particular). However, it's also a lot less subtle than "Paranormal Activity," as the long, patient scenes of waiting for something to happen are less common. A lot of the original film's subtlety is sacrificed for immediate scares and it works against it rather than for it.
The bigger issue with this film is that, while the acting is not nearly as bad as one might think given The Asylum is behind it, the characters are a lot less likable and developed than the original, if you can actually believe that to be possible. Beyond milking the loss of their dad and the direness of the situation for all its worth, the characters are completely one- dimensional and the beautiful and entertaining chemistry between Katie and Micah is nowhere to be found. The scenes add up more like a series of irrelevant moments and transitions are far less smooth. The ending in particular is fairly abrupt and leaves you with a sense of complete and total confusion.
Also, the camera-work and editing in "Paranormal Activity" was far more subtle in the ways that it made you feel like it was legitimately a 'found footage' film (while the sequel did indeed break that formula). Beyond the fact that the multiple cameras break the laws of the film not feeling "edited," there are multiple scenes where any audience member could discern that there is legitimately no reason for the camera to be running at that given time and that certain angles feel very forced or deliberately edited, which unfortunately takes you out of the moment and works against the "mockumentary" style.
Overall, it's not bad, but it's certainly not as good as the original. Good for fans of the genre and style but not much else.