The original creators of The Blair Witch Project have finally committed to write a script for a third film, following 2000's disastrous sequel.

Artisan, the studio behind the original movie, boldly announced that the writing and directing team of Daniel Myrick and Eduardo Sanchez would be back for BWP part three over a year ago. But it took until the end of 2001 for the two sides to meet and agree to go ahead with the project.

After the phenomenal success of the first film, which made over $200m worldwide, Artisan went into overdrive to get a sequel out in record time. The result was the ill-received Book of Shadows: Blair Witch 2 which, despite being directed by respected documentary maker Joe Berlinger, made only $26m.

The studio say they want to "take more time" on this film. In the interim, Myrick and Sanchez have written a romantic comedy, Heart of Love.

There is no official word as to the plot of Blair Witch 3, but it has long been rumoured that it will be a prequel, and will elaborate on the mythology that was created for the first film, dealing with the story of the original 'witch', with that of the child-killer Rustin Parr, or perhaps both.