Paramount may just be the king of the super-budgeted blockbuster film.  They scored mega-hits this year with “Transformers: Revenge of the Fallen,” “Star Trek,” and “GI Joe: Rise of Cobra,” all with budgets over $200 million.

They’ll probably continue to fund gargantuan projects, but after the unexpected and dramatic success of the micro-budgeted creep-out flick, “Paranormal Activity,” which was made for only $15,000 but grossed over $100 million, Paramount is launching a program that will spend $1 million annually to develop and produce similarly small-budgeted films.

Variety reports that the new initiative will be called “Move,” and will place between 10 and 20 projects in development by the end of next year, with no individual budget topping $100,000.

Paramount President, Adam Goodman, explained that the funds for these films will come out of the studio’s overall production budget, and will be targeted at both unknowns and established filmmakers in an attempt to find new voices and ideas.