The Conjuring: Last Rites was supposed to be the final chapter for the $2 billion franchise, but according to the president of New Line Cinema, Richard Brener, the upcoming film will only mark the end of "phase one."

Brener sat down to chat with The Hollywood Reporter about what's coming next for Warner Bros. Discovery. When explicitly asked about The Conjuring's future, he described Last Rites as just the last entry in the first phase, although there is no information to share on phase two, which the director says is "Tbd."

In short, Last Rites is almost definitely not the last movie we will see in The Conjuring Universe, although it does appear to be the real sign-off for stars Patrick Wilson and Vera Farmiga. The pair have been playing the fictionalized versions of real-life demonologists Ed and Lorraine Warren for over a decade, and both shared touching Instagram tributes after filming wrapped.