There will finally be an Evil Dead 4 after years of speculation.

Uraguay-native Fede Alvarez who helmed the very slick short film that became a You Tube sensation, Panic Attack will write and direct the film with script revisions by Juno writer Diablo Cody. Sam Raimi will return to produce alongside Bruce Campbell - who broke the news with an enthusiastic tweet. The accompanying press release officially announcing the sequel/remake didn't indicate if Campbell would be acting in the film as well, but I'm sure we'll see him at some point - if not in the lead role.

Alvarez signed a deal with Raimi's Ghost House production company a few years ago and Evil Dead 4 will be his feature directing debut.