This looks hilarious, by the way. I hope I can catch it while it's out. Made for less than $1m, it's already made a profit after having the biggest opening for an IFC release (bigger than last year's Late Night with the Devil).
Based on an award-winning YA horror book, there are two others in the series so far, so I would expect there might be sequels coming before too long.
It'll be interesting to see if Disney ever does seriously try to get into the lower budget horror segment. The First Omen is really the only one so far, and its budget was a bit high for the genre, it was designed for streaming, and it was part of a legacy franchise, so not really the same kind of play.