Key Facts
Paramount Pictures has secured U.S. rights to reboot the iconic horror franchise 'A Nightmare on Elm Street' through its newly announced genre label, Paramount Primal. The deal, struck with the Wes Craven estate, will bring Freddy Krueger back to the big screen for a new generation.
Details of the Deal
The license covers the original 1984 screenplay, with the estate's Iya Labunka (Craven's widow) and Jonathan Craven (his son) set to produce alongside attorney Marc Toberoff, who helped the family regain rights to the first film. Paramount Primal, led by producers J.D. Lifshitz and Raphael Margules, will develop the untitled project. Plot details remain under wraps, but the film will be set in the nightmare world of the original.
Impact on the Franchise
Freddy Krueger has appeared in nine films, a TV series, and video games. The last theatrical outing, a 2010 reboot, earned $117 million globally on a $35 million budget. New Line Cinema, which previously released the series, retains international rights, while Paramount is in the process of acquiring New Line's parent company, Warner Bros. Discovery.
What Readers Should Know
- Paramount Primal aims to partner with emerging and established filmmakers for smartly budgeted genre films.
- Labunka expressed excitement in a statement, noting Wes Craven would be thrilled to see horror's cultural renaissance.
- The estate is represented by WME, Industry Entertainment, and Ziffren Brittenham LLP.
FAQ
Who is producing the new Nightmare on Elm Street film?
The film will be produced by Iya Labunka, Jonathan Craven, and Marc Toberoff, alongside J.D. Lifshitz and Raphael Margules of Paramount Primal.
Will the reboot be based on the original 1984 film?
Yes, the untitled project is set in the world of the 1984 original and will be based on that screenplay.
When was Freddy Krueger last seen on screen?
Freddy Krueger's last film appearance was in the 2010 reboot 'A Nightmare on Elm Street,' which grossed over $117 million worldwide.