Paramount to reboot 'A Nightmare on Elm Street' with Freddy Krueger

Paramount Pictures has secured the US rights to the original 1984 screenplay of Wes Craven’s A Nightmare on Elm Street and will develop a new film under its recently created genre label Paramount Primal. The project will be produced by Craven’s widow Iya Labunka, his son Jonathan Craven and attorney Marc Toberoff, with J. D. Lifshitz and Raphael Margules serving as executive producers. The studio says the reboot will be based on the founding script rather than the later sequels, aiming to bring the iconic Freddy Krueger to a new generation of horror fans. No director, cast or release date has been announced, and the question of who will portray Freddy remains open. The 2010 remake was poorly received, and the new effort seeks to restore the franchise’s original appeal while navigating complex rights that were reclaimed by the Craven estate after a copyright reversion.