the 2004 interview for Fangoria, Tony Todd said that a fourth Candyman film is being prepared and is supposed to have a $25 million budget. Todd and Clive Barker discussed storyboarding ideas during the crew's meetings. The sequel was meant to be Winter-set, with action taking place in a New England woman's college. It was cancelled most likely because of the problems with "determining who owns the Candyman franchise". Deon Taylor was linked to the project at one point, according to Todd. In the interview with Bloody Disgusting Todd elaborated: "(...) I had an idea that they liked, initially. It was going to take place in New England during a snow storm, because I just had this image of Candyman in a blizzard. Because I'm from New England, and I knew the power of having that mythic character in a snowstorm being undeterred by the elements. We had gone so far as to establish him as a professor at a girls' college." Candyman (2021) In September 2018, it was announced that Jordan Peele was in talks to produce a sequel through his Monkeypaw Productions which Todd stated in a 2018 interview with Nightmare on Film Street, "I would rather have him do it with someone with intelligence who was going to be thoughtful and dig into the whole racial makeup of who the Candyman was and why he existed in the first place." In November 2018, it was confirmed that Peele would produce the film with Universal and MGM and would partner with Win Rosenfeld to co-produce the film while Nia DaCosta signed on as director. The film would take place back in the new gentrified Cabrini Green where the old housing projects development stood in Chicago once. The filming was due to commence in the spring of 2019. In January 2019, it was reported that Lakeith Stanfield would possibly star in the film as an older version of Anthony McCoy who took an interest on by seeking the legend of the Candyman which was similar to Helen Lyle's character that was played by Virginia Madsen. In February 2019, Yahya Abdul-Mateen II was in talks to play McCoy. He was initially misreported as being in talks to portray the titular character. In response to the news, Todd offered his blessings over Twitter by stating: "Cheers to the Candyman who was a wonderful character that I lived with for 25 years.