It's no secret that James Wan's 'The Conjuring' has been testing through the roof and is poised to terrify audiences when it opens on Friday. Therefore, it's no surprise that 'The Conjuring 2' is already being developed. Considering the story's inspiration for the first, this sequel might just be the start of a new major horror franchise.

According to Variety, New Line is very high on Wan's latest horror flick and see it as possibly being another important piece of their ever-expanding genre library. We'll just let studio president Toby Emmerich explain:

“Horror is very much a part of the DNA of New Line — ‘Nightmare on Elm Street,’ ‘Friday the 13th,’ ‘The Rite,’ and the ‘Final Destination’ films. This is as good a horror movie as we’ve ever made ... We think it will have great playability.”

New Line got its start making horror movies, so it's only right that it continues to pump 'em out. Emmerich also revealed that the studio is exploring ways to build the story of the Warrens into a potential new franchise.

Based on a case investigated by real-life paranormal investigators Ed and Lorraine Warren (played by Patrick Wilson and Vera Farmiga in the film), the film claims to be "based on a true story." The Warrens had all kinds of spooky adventures in real life and documented countless supposed hauntings, so there is plenty of material from which to draw. The involvement of Mrs. Warren only adds to the film's mystique.

'The Conjuring' opens this Friday. Be sure to check out our full review HERE.

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