Sources said the studio is in negotiations with director-producer Sam Raimi for a project titled "Freddy vs. Jason vs. Ash." In the proposed sequel, Freddy (the A Nightmare on Elm Street films) and Jason (the Friday the 13th pics) would go up against Ash, the cynical anti-hero survivor of Raimi's Evil Dead trilogy, which also includes Army of Darkness.
Bruce Campbell played the character in the trilogy and would play him again if the deal were to close. Although Raimi would not direct, he holds rights to the "Evil Dead" franchise. Freddy vs. Jason grossed more than $74 million, so even if a deal with Raimi can't be reached, New Line is determined to find a way to extend the franchise by introducing a new character or just pitting Freddy and Jason against each other one more time.
Freddy vs. Jason was released August 15th, 2003 and stars Robert Englund, Ken Kirzinger, Monica Keena, Jason Ritter, Kelly Rowland, Chris Marquette, Brendan Fletcher, Katharine Isabelle. The film is directed by Ronny Yu.