A statement from Supermassive Games. pic.twitter.com/9GkgIrYQvt
— Supermassive Games (@SuperMGames) February 26, 2024
Says they are refocusing on their core strengths (which is definitely Until Dawn, The Quarry, and Dark Pictures style horror games), so that sounds to me like Dark Pictures season 2 is probably safe. Maybe they turned down making Little Nightmares 4 after the upcoming 3rd game by them releases.