It looks like there's a really good chance that we'll actually end up seeing Evil Dead 4! While doing press for Oz The Great and Powerful, director Sam Raimi was asked if the film was going to happen by Bleeding Cool, and he gave a very surprising response...
I would love to make Evil Dead 4. My brother and I plan to work on the script this summer.
Hell yeah! Now that's what I've been waiting to hear! We've been hearing about the possibility of an Evil Dead 4 for years, but to hear that he's actually going to start working on it is extremely exciting because I'm a huge fan of the Evil Dead films, and I know a lot of you are as well.
I'm looking forward to the remake of the original film that has been made, it looks incredibly insane! Now, if the movie does well, there's a chance we could see two different versions of the same franchise running parallel at the same time, which is also pretty awesome to think about.
I know it's just the script for the film, but a script is the first step to turning it into a movie! I can't wait to see what comes of this!