A couple of hours ago, Ghost posted the video below on their facebook page featuring events at a gig in Sweden. Papa Emeritus III is seen being forced off stage before a significantly older Papa (quoted as being Papa Emeritus Zero) staggers on stage and announces:
A festa è finita, il medioevo comincia ora.
This translates as “The party is over, the Middle Ages begin now.”
So it looks like PEIII is off to the dungeon. Expectations are that he’ll be replaced by a number IV, as it hardly seems likely that PEZero would make much of a frontman!