New Nightmare on Elm Street Movie In The Works

All's been quiet for Freddy ever since that disastrous 2010 remake where Hayley replaced fan favourite Robert Englund. However, in an interesting turn of events, someone appears to be re-awakening on Elm Street.

The Hollywood Reporter has revealed that Paramount are officially moving forward with a brand new A Nightmare on Elm Street film.

Freddy Krueger has a new home and he’s ready to carve up a new nightmare.

Paramount Pictures has closed a deal for the U.S. rights to the original screenplay of A Nightmare on Elm Street, the movie written and directed by Wes Craven that kicked off the popular horror franchise featuring the killer with the metal-claw gloved hand and burned face, and will adapt it into a new feature.

The new Nightmare on Elm Street will hail from Paramount’s new genre label, Paramount Primal, led by  J.D. Lifshitz and Raphael Margules, the producers behind films such as Barbarian and Friendship.

The U.S. rights are being licensed from the Craven estate, which includes Craven’s widow Iya Labunka and Craven’s son Jonathan Craven. The duo will produce the new iteration with Marc Toberoff, the attorney-turned-producer who specializes in copyright law. Lifshitz and Margules will executive produce for Paramount Primal. 

“We look forward to bringing the world of Wes Craven’s Nightmare on Elm Street to a new and completely engaged generation of fans. We know that Wes would have been thrilled to see how horror is taking its long overdue place in the cultural canon. We can’t wait for all of us to sit together in a dark theatre – around the campfire of today – as the next chapter of the Nightmare story unfolds.”  - Iya Labunka

There are currently no details regarding the highly anticipated film, but it's been described as “set in the world of A Nightmare on Elm Street, based on the original screenplay.”

New Nightmare on Elm Street Movie In The Works

Wes Craven began the franchise with the original film in 1984 that went on to become a hit amongst horror fans. The film's success saved New Line Cinema from bankruptcy, had a monumental effect on Craven's career and birthed a horror icon that turned Robert Englund into a household name. It went on to spawn a TV series, six more sequels, a crossover film with another horror icon, a remake, comics, books, video games a an endless amount of merchandise.

“We can’t remember a time before we were fans of Wes Craven. The fact that Iya and Jonathan have entrusted us with this opportunity to help usher a new story into this world is an honor beyond words. We look forward to working alongside them to bring a terrifying new nightmare to audiences everywhere, and to welcome Freddy home.” - J.D. Lifshitz and Raphael Margules

More to follow as we learn it.