Generally, once a franchise is rebooted and started over by an entirely different director, working with a new cast, new writers, and often a vastly different story line, it’s safe to abandon all hope for further installments in the original series–for better or worse.
No one would have expected a fifth Batman movie in the Burton/Schumacher continuity after Chris Nolan came out with Batman Begins, for example.
I suppose the lesson here is “Never Say Never”, because if Sam Raimi’s words to a London audience during a showing of Oz: The Great and Powerful, as reported by Bleeding Cool, are to be believed, we may very well have a fourth Raimi Evil Dead flick in our future.
The director’s exact words were apparently:
“I would love to make Evil Dead 4. My brother and I plan to work on the script this summer.”
I don’t need to point out that what Raimi would “love” to do, and what will actually happen are not in the least guaranteed to be the same thing, but we can still hope for the best.
I do have to say that the decision to continue the franchise seems odd given how much both Raimi and Bruce Campbell (who has not been confirmed as returning for this proposed sequel) have praised Fede Alvarez’s new vision of the original Evil Dead. One would think that if Raimi was satisfied with Alvarez’s work, then he’d be content to let the franchise pass into his hands.
No information about casting, production, or release dates is, as yet, available.
Source: Shock Til You Drop