With the lowest box office gross in 16 years, 2011 was a year the movie industry would like to forget, despite a handful of mammoth hits. Will 2012 turn things around?

Time will tell, but there are no shortage of exciting films landing in theaters in the next 12 months. From action thrillers to rom-coms to 'tween fare, 2012 has it all!

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Movie fans should prepare to be scared again in 2012.

Paramount announced yesterday that it had green lighted Paranormal Activity 4, an approval that should not come as a shock, considering the wild success of this franchise's third installment. It earned over $200 million worldwide after opening in late October.

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Zac Efron really is all grown up.

The former High School Musical actor will anchor his most mature movie to date in 2012, starring alongside Nicole Kidman, Matthew McConaughey, John Cusack and others in The Paperboy, an upcoming drama based on a 1995 novel by Pete Dexter.

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The mission, should Tom Cruise and company have chosen to accept it, was to come out on top this weekend at the box office, despite the presence of a certain damaged girl with a certain well-known tattoo.

And Mission Impossible: Ghost Protocol - one of Cruise's best-ever reviewed films - accomplished this goal with ease, earning $26.5 million on Friday and Saturday.

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Whether or not Miley Cyrus was joking about her affection for marijuana, the star's recent scandal has had a negative impact on her big screen career.

Sources confirm that Miley's next movie - the comedy LOL, which also stars Demi Moore and Ashley Greene - was scheduled for an international release in either late 2011 or early 2012. However, that opening has now been scrapped in large part due to last-minute editing out of a scene in which Miley's character smokes cigarettes with her friends.

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Sherlock Holmes: A Game of Shadows, starring Robert Downey Jr. and Jude Law, won the weekend box office with an estimated $40 million, despite an average debut.

In all, the weekend’s top 12 movies earned about 13 percent less than last year’s. Even Sherlock was expected to earn at least $50 million in its opening weekend.

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