Millennium Films has announced that they are starting to develop a sequel to John Luessenhop's slasher reboot Texas Chainsaw 3D, which hit theaters last Friday. The film has already brought in $22 million dollars, which trumped The Hobbit: An Unexpected Journey and Django Unchained last weekend.

Plot details are few for Texas Chainsaw 4, but it will most likely further continue the story of Tobe Hooper's 1974 original. The project is being produced by Carl Mazzocone, Tobe Hooper, Mark Burg, Avi Lerner, Trevor Short, John Thompson, Danny Dimbort, Lati Grobman and Christa Campbell.

Here is what Millennium Films Chairman Avi Lerner had to say about why they decided to produce the horror franchise.

"Lati and Christa brought the idea of this franchise to us. They were certain of the audience appeal, so we signed on. And it turns out they were right. It was a bloody good decision. Lionsgate agreed to distribute the film in the US, and did a fantastic job. We very much hope to partner with them for the next chapter."

Production is slated to begin later this year in Louisiana.