Paramount will develop a new Nightmare On Elm Street film after signing a deal with the estate of Wes Craven. The film will be set up at the new Paramount Primal horror label.
The deal has secured Paramount the U.S. rights to Wes Craven’s script for the original A Nightmare In Elm Street which introduced audience to demonic slasher Freddie Kruger.
The new film will be executive produced for Paramount Primal by J.D. Lifshitz and Raphael Margules, the producers behind films such as Barbarian and Friendship. Craven’s widow Iya Labunka and son Jonathan Craven will produce alongside Marc Toberoff, the attorney-turned-producer who specializes in copyright law.
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
New Line Cinema originally held the rights to the film having been the studio that made the first film. Copyright law allows authors to reclaim rights 35 years after publication, which has been used by screenwriters and their estates to regain their works. The Craven estate regained the rights to the screenplay in 2019 with the help of Toberoff, who also regained the rights to another horror franchise, the original screenplay of Friday The 13th by Victor Miller. New Line retains the international rights to Nightmare On Elm Street.
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
No details about the new film have been released but it is said to be set in the world of Craven’s original.
Source: THR
