Leigh Whannell, who will be directing the next installment of Insidious, has been pretty active about updating fans with news about the film via his Twitter account.

Third Film to Be 'A Lot More Like Part One Than Two;' Director For Film Reveals?  

But fans be warned, not all the information Whannell is dishing out is legit. Whannell recently joked about James Wan, the director of Insidious 1 and 2 who is currently working on Fast and Furious 7, will be starring in the third film of the indie-horror franchise. But then Whannell did sufficiently retract his statement by adding a bunch of qualifiers:

"Not only am I directing Insidious Chapter 3, but in a coup, @creepypuppet is starring! #rolereversal #justkidding #tweetnottrue #lies"

Insidious 3 'Not Based Around The Lambert Family'; All-New Star Cast Lined Up?

On May 7, it was announced that Whannell, the writer of all three installments will be directing the film for the first time.

Third Film To Be 'Better' Than First Two Films?

Insidious: Chapter 2 was released on Sept. 13 and topped the U.S. box office scoring $41.1 million over in its opening weekend. The film stars Patrick Wilson, Rose Byrne, Lin Shaye, Ty Simpkins, and Barbara Hershey reprised their roles from the first film in the series.

The first film followed the story of the haunted Lambert family, whose son inexiplicably enters a comatose state and becomes a vessel for demons. In Insidious: Chapter 2, the married couple try to explore the secrets that tie them to the paranormal world and the demons that possessed their son.

Entertainment One, FilmDistrict, and Sony Pictures Worldwide Acquisitions will be developing the third chapter of the micro-budgeted franchise. Jason Blum (Blumhouse Productions) will be co-producing the third film with Oren Peli (Paranormal Activity). Steven Schneider, Brian Kavanaugh Jones, Peter Schlessel, Lia Buman and Xavier Marchand will come on board as executive producers.

The first installment in the franchise, Insidious, was made for only $1.5 million and released in 2010. The film went on to gross $97 million worldwide. Insidious: Chapter 2 was made for $5 million.

Watch the trailer for Insidious: Chapter 2: