Max Landis Hired To Script Chronicle Sequel

Project X isn't the only found footage movie from 2012 that could be getting the sequel treatment. Just yesterday we learned that screenwriter Michael Bacall has been hired to write the treatment for a potential follow-up to the party film and now it looks like another Chronicle movie is in the works as well.
According to Deadline, Max Landis, who developed the story for Chronicle along with director Josh Trank and wrote the screenplay himself, has been hired by 20th Century Fox to write a sequel. Since arriving in theaters on February 3rd the title has been a box office titan, opening at number one and pulling in $22 million in its first week and making a grand total of $105 million internationally since. Considering the superhero flick was made for a miniscule $12 million the project is a huge winner for the studio (and it's still in theaters so that number is only going to grow). The script was the first feature written by Landis, who is the son of legendary horror/comedy director John Landis. He previous wrote multiple short films as well as an episode of the Showtime series Masters of Horror (one that his father directed). The first film was about a group of three teenagers who develop superpowers after a strange discovery.
While I get to see a ridiculous numbers of films every year, I am sad to say that I haven't had the chance to see Chronicle yet so I will pose this question to you: do you think that Chronicle deserves a sequel? Is the end of the movie open-ended enough to allow the story to continue? Leave your thoughts in the comments section below.
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