You can either thank or blame ‘The Blair Witch Project’ for the prevalence of found footage films that have been released in the 15 years since its debut. Although the (sort of) sequel ‘Book of Shadows: Blair Witch 2’ wasn’t received nearly as well, there’s been talk of a third installment in the franchise for many years. Co-director Eduardo Sanchez, who recently released his new horror film ‘Exists,’ has yet another update on a third ‘Blair Witch’ movie, which Lionsgate is still very much interested in making.

Sanchez is back with another found footage horror film—this time about another mythical terror: Bigfoot. In an interview with Dread Central to promote the release of ‘Exists,’ Sanchez was asked the inevitable question about a third ‘Blair Witch’ film, which is something Lionsgate has been interested in developing for some time now. According to Sanchez, it may be much closer to a reality now than ever before:

We have been talking to Lionsgate and there has been a little bit of movement but nothing is concrete. The film seems inevitable to me, but really it’s just a matter of it being the right time. I’m thinking it’s going to happen sooner than later at this point, but I always say that. There’s always rumblings and certain ideas being pushed around and such. While I don’t have anything firm to talk about now, it wouldn’t surprise me if something happened within the next year or two.

Found footage and first-person POV films aren’t going anywhere anytime soon, though they have grown a bit more creative (a bit) in the 15 years since ‘The Blair Witch Project’ was released. And say what you will about ‘Book of Shadows,’ but I’m still very much a fan of that zany horror flick, which is such an endearing product of late ‘90s culture.

Regardless of the negative response to the meta-sequel, Lionsgate isn’t giving up on making a third film and reviving the ‘Blair Witch’ franchise. It’s likely that the studio will make a film more in keeping with the first, and given that it’s been over a decade since we last visited Burkittsville, it might be a good time to revisit the fictional universe that inspired the many found footage horror films that followed.