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I guess. But even if they stretch to a TV series and maybe another couple movies, it still seems like a bad investment. One "Exorcist" movie was a hit, and it came out 50 years ago. None of the others did especially well. Even if the 2023 movie was a hit - which doesn't appear to be the case...

Not sure how it makes any sense for the studio to have spent $400 million to get the rights to make only 3 movies. Even with modest budgets around $30m, each movie would need to gross around $400m-$500m to make a profit, and not many horror flicks get that high.