The Good News: There's a new LWA project in the works.
The Bad News: It's only a single short film.
Right now Studio Trigger has the budget for a 20 minute film, but they're running a Kickstarter Campaign to bring it up to 35 minutes.
Quote:
The first episode of Little Witch Academia was created under the “Anime Mirai” project by Yoh Yoshinari and studio TRIGGER.
The episode was made available to be viewed on the internet shortly after the premier, and many support and comments were given. To answer to these voices, we have decided to create a sequel to the episode. We also found out about Kickstarter through the comments given by the fans oversea.
Being a new studio, we felt the Kickstarter system to be innovative and fitting to our studio’s taste. Making a series “with” the fans is definitely what we were looking for. With the support from our fans, we believe that we can definitely develop on this new foundation.