In an interview with Total Films, Oakes revealed that he is already thinking about the third and fourth installments, stating that- "If your second’s successful, then your third, then you’ve got a franchise… I just don’t believe in the notion that you can press a button and create a franchise, but, I mean, I’m definitely planning 3 and 4…"
The upcoming sequel, "The Woman in Black: Angel of Death," is based on an original story by Susan Hill, written by Jon Croker and directed by Tom Harper. Currently there is no US release date, but the movie is set to be released in the UK on February 13, 2015.
For the curious, here is a synopsis of the film:
“The Woman in Black" was set in the early 1900′s and detailed the story of a young lawyer who is ordered to travel to a remote corner of the U.K. to sort out the papers of a recently deceased client. In the eerie setting of Eel Marsh House he discovers the vengeful ghost of the title. Seized by the government and converted into a military mental hospital during World War II, the sudden arrival of disturbed soldiers to Eel Marsh Harsh has awoken its darkest inhabitant. Eve, a beautiful young nurse, is sent to the house to care for the patients but soon realizes she must save them from more than their own demons. Despite Eve’s efforts to stop her, one by one they fall victim to the Woman in Black.