James Wan and Leigh Whannell’s horror film Insidious Chapter 2 has made $40 million this weekend. Now, the production company that made Insidious and Insidious Chapter 2, Film District, is officially going to produce a third film in the series. Furthermore, the co-writer of the first two films Leigh Whannell will be writing the film. James Wan, the director of the original film, the sequel, and the Saw series, will not be returning. He’s leaving the horror genre behind. He’s going to be directing Fast and Furious 7.
Film District had this to say:
“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. There is nobody better suited to bring audiences the next chapter of this haunting story than Leigh who has brilliantly written both INSIDIOUS and INSIDIOUS: CHAPTER 2.”
Expect Insidious to quickly turn into the next Saw or Paranormal Activity series. The reason? Because Insidious cost 1.5 million. Insidious 2? Five million. That’s nothing. With every studio in sight dropping $100 million on a potential franchise starter these micro budget films are the safer bet.
Some studios have even started exclusively micro budget production companies. If a studio green lights ten micro budget movies and only one of them is a success, they’ve just broke even. It’s that simple. That’s the math of filmmaking, friends. That’s the math of filmmaking.