After a five-year absence from the big screen, Sony has officially revealed the Insidious 5 release date. The horror franchise first kicked off in 2011 with the eponymous hit from Saw duo James Wan and Leigh Whannell, with the former directing the first two installments and the latter penning all four films and directing the third. The first two Insidious films centered on the Lambert family as they come under attack from supernatural forces trying to possess eldest son Lambert and his father Josh, who have the ability to astral project into a dimension dubbed "The Further," while the latter two installments centered on Lin Shaye's Elise Rainier in the lead up to her death in the first Insidious.

Though reviews have been generally mixed across all four films, the Insidious franchise has been a fan-favorite since its launch in 2011, with the original film having grossed over $97 million against its $1.5 million budget and helping further propel Blumhouse Productions to further popularity. Subsequent Insidious sequels proved to be even greater box office successes, grossing a combined $442 million against a combined $25 million production budget. After a few years of silence, it was confirmed that Insidious 5 was in development at the studios with Patrick Wilson and Ty Simpkins returning to star and now audiences are getting exciting news about the horror sequel.

Related: How Insidious 5 Could Bring Back The Lambert Family

Ahead of this week's San Diego Comic-Con, Sony has announced a slew of release date changes and additions to its calendar. One such addition includes Insidious 5, which has been slated for a July 7, 2023 release date. This puts the latest installment in the horror franchise in theaters over five years after Insidious: The Last Key hit the big screen.

Insidious 5 Patrick Wilson

News of Insidious 5's release date comes a few months after Patrick Wilson confirmed that production on the horror sequel would kick off this spring. That said, with the film being set to hit theaters nearly a year from now, some are sure to wonder if production was delayed from COVID-19-related issues and Wilson's schedule working on Aquaman and the Lost Kingdom. It will be interesting to see whether Sony elects to hold firm to the July Insidious 5 release date, given it will place the film directly between The Flash, Indiana Jones 5 and Mission: Impossible — Dead Reckoning Part One, all of which are major tentpole projects with high expectations from audiences and the studios footing their bills.

Given the franchise has largely been produced on small budgets from Blumhouse, Insidious 5's release date may not see it rise above its big-budget competition, but is sure to still see it turn a profit for the studio. Anticipation has been high for the horror sequel since it was confirmed that not only would Wilson and Simpkins be returning to lead the cast, but that the Aquaman star would also make his directorial debut with the film and that Whannell had penned the story treatment centered on an older Dalton going to college and still struggling with his hauntings. While audiences await further details on the new film, they can revisit the first two Insidious movies streaming on Netflix now.

More: Everything We Know So Far About Insidious 5