The first sequel in the latest Blumhouse micro-budget horror franchise has a release date. Sinister 2, the follow-up to last year’s pic that grossed more than $87M worldwide on of a $3M budget, will arrive August 21, 2015. Citadel‘s Ciaran Foy will helm the next chapter, which Sinister director Scott Derrickson is writing with C. Robert Cargill. The new franchise follows Blumhouse’s success with the Paranormal Activity and Insidious series of ultra-low-budget genre hits. eOne is financing the sequel, with Derrickson and Jason Blum producing. Focus Features has positioned Sinister 2 to counter the Warner Bros romance Me Before You.