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A new Nightmare is coming!

Paramount Pictures has inked a deal to make a film based off the original screenplay of Wes Craven‘s A Nightmare on Elm Street, according to a new report Monday (July 18) from THR.

The iconic slasher series stars Freddy Krueger (a role originated by Robert Englund), the knife-gloved serial killer who stalks teens in their dreams.

The new movie will come from Paramount’s new genre label Paramount Primal. It’s being licensed from the Craven estate, including the late director’s widow Iya Labunka and his son Jonathan Craven. 

“We look forward to bringing the world of Wes Craven’s Nightmare on Elm Street to a new and completely engaged generation of fans,” said Iya in a statement.

“We know that Wes would have been thrilled to see how horror is taking its long overdue place in the cultural canon. We can’t wait for all of us to sit together in a dark theatre – around the campfire of today – as the next chapter of the Nightmare story unfolds.”

“We can’t remember a time before we were fans of Wes Craven. The fact that Iya and Jonathan have entrusted us with this opportunity to help usher a new story into this world is an honor beyond words. We look forward to working alongside them to bring a terrifying new nightmare to audiences everywhere, and to welcome Freddy home,” added Paramount producers J.D. Lifshitz and Raphael Margules.

There are still no details about what the new movie would be about, but it has been described as being “set in the world of A Nightmare on Elm Street, based on the original screenplay.” Stay tuned!

Find out what the best Nightmare movies are, ranked.

Posted To:A Nightmare on Elm Street Movies