Joel Silver talked to DarkHorizons that they're not planning a sequel...
Will we see a second "House of Wax" flick? Silver says no - that's not what he wants to do anymore - "At Dark Castle we don't make any sequels. There will be "The Reaping" as a sequel, it has nothing to do with it [House of Wax], it's just that's why we made Dark Castle. I've been involved in a lot of sequels and they may have been commercially successful but they weren't successful to me. With the Matrix...they weren't really a sequel they were serial fiction. To create another movie after another one is over just because it was successful I'm not going to do that."
You can read more on that here!
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