insidious chapter 3FilmDistrict

After a boffo bow at the box office, the "Insidious" series is getting another installment, with "Chapter 3" already in the works.

Entertainment One, FilmDistrict, and Sony Pictures Worldwide Acquisitions announced the sequel Monday following the $41 million debut of "Insidious: Chapter 2" over the weekend, which grossed more than three times the original's take on its opening weekend in 2011. It's a no-brainer move for the studios, considering the first "Insidious" was one of the most profitable films of 2011, and now its second installment looks like it will shatter the first's $97 million worldwide gross.

The heads of each studio issued a joint statement Monday announcing "Chapter 3" and lauding the success of the first two films.

"The release of the first 'Insidious' resonated with audiences around the world and quickly became one of the most talked about films in 2011. This weekend moviegoers enjoyed the terrifying continuation of the first film and we are confident they will be excited to see the third chapter of the 'Insidious' world," the release said.

Writer Leigh Whannell, who penned the first two films, will return to write the third. Producer Jason Blum, who will also continue on in that role for "Chapter 3," also released a statement.

"We are all so grateful for how audiences embraced James Wan and Leigh's latest film and are excited to see what Leigh has in store for the third chapter," he said.

Absent from the joint release was word of director James Wan's involvement. Not surprising, considering what he told Moviefone earlier this year.

"I'm going to go on record and say I am finished with the horror genre," he revealed, adding, 'Conjuring' and 'Insidious 2' are my two last scary movies."

EARLIER ON MOVIEFONE: James Wan, 'I Am Finished With the Horror Genre'
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CATEGORIES Movies