Paramount is moving forward with a new reboot of the horror franchise “A Nightmare on Elm Street,” centered on Freddy Krueger. Multiple outlets report that the studio has struck a deal with the Wes Craven estate to secure rights tied to the original material and to develop a new adaptation. The agreement includes licensing U.S. rights from the estate, which is described as involving Craven’s widow Iya Labunka and their son Jonathan Craven.
Variety reports that Paramount Primal, the studio’s newly launched genre label, is involved in the project and that Paramount is adapting the original screenplay. The Hollywood Reporter and Gizmodo similarly describe the studio’s plan to revive the franchise through its Paramount Primal imprint and attribute the rights arrangement to the Wes Craven estate.
No release date or casting details are provided in the accounts. The reported focus is on restarting development for a new “A Nightmare on Elm Street” film under Paramount’s genre-focused branding and with the estate’s approval for domestic rights.
