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Paramount Lands U.S. Rights to 'A Nightmare on Elm Street' for New Film

The studio's new genre label, Paramount Primal, will develop the project based on Wes Craven's original screenplay.

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A Nightmare on Elm Street — Paramount Lands U.S. Rights to 'A Nightmare on Elm Street' for New Film
Photo via TheWrap
Developing Story
We look forward to bringing the world of Wes Craven’s ‘Nightmare on Elm Street’ to a new and completely engaged generation of fans.
Iya Labunka said in a Monday statement
The Details
Director
Wes Craven
Starring
Heather Langenkamp, Johnny Depp, Robert Englund
Release
1984
Genre
Horror
Where to Watch
Amazon Video, Apple TV Store, Google Play Movies, YouTube

Paramount Pictures has acquired the U.S. rights to adapt Wes Craven’s original screenplay for a new “A Nightmare on Elm Street” movie, according to a report by TheWrap. The deal was secured for the studio's new genre label, Paramount Primal.

What is Paramount Primal?

The project will be overseen by Paramount Primal, a label run by producers J.D. Lifshitz and Raphael Margules, known for the horror film “Barbarian.” They will executive produce the new film. The rights were licensed from the Wes Craven estate, which includes Iya Labunka and Jonathan Craven. The trio, along with Marc Toberoff, will produce the movie.

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What do we know about the new film?

The film is currently in “priority development,” as described by the studio. While plot specifics have not been revealed, it will be set in the world of the original film and based directly on Craven's screenplay. In a statement, producer Iya Labunka expressed excitement about the partnership. “We look forward to bringing the world of Wes Craven’s ‘Nightmare on Elm Street’ to a new and completely engaged generation of fans,” she said.

Lifshitz and Margules echoed the sentiment, calling the opportunity “an honor beyond words” and stating they look forward to “bring a terrifying new nightmare to audiences everywhere.”

What was the original film's impact?

Wes Craven’s original “A Nightmare on Elm Street” was released in 1984 and launched a massive horror franchise. It introduced the iconic villain Freddy Krueger, played by Robert Englund, and became a major commercial success. The film grossed $57 million worldwide on a modest budget, according to TheWrap. It spawned six sequels, a TV series, and a 2010 remake.

Frequently Asked Questions

Who will star as Freddy Krueger in the new film?

No casting details have been announced for the new project.

Is this a remake or a sequel?

The report states the new film will be based on Wes Craven’s original screenplay and set in the world of “A Nightmare on Elm Street.” This suggests it could be a new adaptation or a story that expands the existing mythology, rather than a direct remake of the 1984 film or a sequel to the 2010 version.

When will the new 'Nightmare on Elm Street' movie be released?

No release details have been announced.

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