Since the folks at Lionsgate don't want to turn their back on a certified box office cash cow, the studio is reportedly putting Saw 8 into development.
The last installment of the popular horror franchise arrived in theaters back in 2010. According to Worst Previews, the movie ended up making approximately $136 million on a very modest budget of only $20 million. Despite the film's substantial success, the series was ultimately put on the back burner in favor of other genre-related endeavors.
Before you get excited about the return of Jigaw and his deadly traps, Bloody Disgusting points out that Lionsgate hasn't officially moved forward with the project. Apparently the studio is just now kicking around ideas, which means this thing could die on the cinematic vine before it ever comes close to fruition.
However, it's currently believed that producers are looking to take the series in a new direction with Saw 8. Since director James Wan is currently busy putting his big-budget action flick Fast and Furious 7 together at Universal Pictures, chances are the filmmaker won't return to the franchise he helped bring to life.
Unfortunately, it's unclear when Saw 8 will arrive on the big screen. Since Lionsgate is reportedly in no rush to get the movie up and running, it could be a few years before the flick ever sees the light of day.
Not surprisingly, Saw 8 isn't the only horror sequel currently in the works. Dread Central reports that writer-director James DeMonaco should begin filming The Purge 2 in California at some point this December. Universal Pictures, Blumhouse, and Michael Bay's Platinum Dunes will return to help out with the follow-up.
Paranormal Activity, meanwhile, has no less than two sequel hitting theaters next year. Although Saw 8 will attempt to wrangle the Halloween box office away from the series when and if it arrives, the folks at Lionsgate could have their work cut out for them.
The Inquisitr previously reported that director Christopher Landon's Paranormal Activity: The Marked One should hit theaters across the country on January 3, 2014. The next proper installment of the extremely successful series is presently slated to arrive in theaters by next Halloween. Start steeling your nerves now.
Did you miss the trailer for The Markes One? Be sure to check out the trailer embedded below. Keep the lights on if this stuff gives you a serious case of the creeps.
What do you think about Lionsgate possibly putting Saw 8 into development? Will you check out the next installment of the series if it ever finds its way into theaters?
[Image via Lionsgate]