Well, don't hold your breath, buckos. There have been rumors a plenty flying around the whacky Web so I have decided to post the definative answer.
The 4th installment hasn't been made for a simple reason - "Army of Darkness" didn't rake in enough cash to justify another film. The basic economics of Hollywood rule, gang, I hate to break it to you. It's like this - no Box Office, no sequel. No other explanation is correct, no other one is needed. Let me be clear, however, on one point: I'd be happy to do it - so would Sam, but let's not beat that dead horse any more until it becomes a reality...IF it ever does. Now, I could lie to you, but you're grown up (some of you) and I'm sure you'd rather have the straight dope than some phony wind-bag explanation. In the meantime, enjoy the slew of re-releases coming your way..." -- Bruce Campbell
Alright people. That was straight from Bruce Campbell's website. If you don't believe me click here. So don't start writing me E-Mails sending me that stupid script or giving me your "little known facts" on how there is going to be another Evil Dead.
I would like for there to be another Evil Dead as much as the next fan, but face it. There isn't going to be another Evil Dead.