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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.
