The more found footage you watch the better this seems - just a movie, and a franchise, that gets it right. You wish, occasionally, that it would get out of its own way; that it would stop, for instance, cutting to talking-head footage that undercuts the tension and adds next to nothing. But the scares all work, and the way the different strands come together in the final sequence is quietly superb. A genre standout.
Look, this deserves evaluation (and a fair amount of praise) on its own merits, and not just in comparison to Bohemian Rhapsody, but I feel like we should at least acknowledge that it contains
1) gay sex, between two men, who are naked, and make out first
2) a star who actually does the singing in the film, because otherwise what is the point of all this
3) a former Game of Thrones actor playing music producer John Reid, but…