Who wanted a prequel instead?
I know I did.
The third and FINAL film in the "Blair Witch" universe SHOULD have breathed new life in the franchise by revisiting how Burkittsville became associated with the Blair Witch legend and what REALLY happened centuries ago that became lost in folklore and second hand sources. It could have been a great faux "documentary" (I'd say mockumentary but that genre is usually associated with comedy/parody) and continue in the spirit of the original with some "found footage" of real witches caught in the woods back in the 1920s or something like that. (see the 1925 film 'Haxan' for an idea how they would do that). "The Curse of the Blair Witch" short was instrumental in generating interest in the first film, and the third film should have gone full circle and used that type of format to distinguish itself from the first two theatrical films. The "backstory" would be that the "documentary" filmmaker set out to do a legitimate film about the Blair Witch legend as a tribute to the amateur college students who tragically lost their lives trying to do such a project in the 90s, and tried to reconstruct what happened in 18th Century New England.
I liked Blair Witch 2 precisely because it told a different kind of story from the first film and tried to be its own thing. I liked the mysterious creepy twist ending in that film when it was released in 2000, and I rewatched it later and STILL like it. I have no idea what the film was mercilessly bashed so much, aside from the legitimate complaint that there's no "Book of Shadows" in the movie.
I have no desire to see a belated "sequel" 20 years later that just tries to copy what they did in the first one. Too many "sequels" are just thinly veiled remakes of the first film and don't have the same thrill once they've been done before.
The new "Blair Witch" will be strictly "wait to see it on DVD" for me. But a Blair Witch prequel? THAT would have been genuinely compelling to see.