News A Nightmare on Elm Street Paramount is Remaking A Nightmare on Elm Street The nightmares will continue until morale improves By Molly Templeton | Published on July 13, 2026 Credit: New Line Cinema Comment 0 Share New Share Credit: New Line Cinema Freddy Krueger is about to be back. (Again.) The Hollywood Reporter has the news that Paramount has licensed the rights to the original screenplay for A Nightmare on Elm Street from writer (and director) Wes Craven’s estate. Craven’s widow Iya Labunka and his son, Jonathan Craven, will produce the new version of the screenplay; J.D. Lifshitz and Raphael Margules will executive produce for Paramount Primal, which THR describes as “Paramount’s new genre label.” In a statement, Labunka said, “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.” The rights to Nightmare used to belong to New Line, which made the original movie. As THR notes, “Copyright law allows authors to reclaim rights 35 years after publication.” Former lawyer turned producer Marc Toberoff helped the Craven estate get the rights to the screenplay back; he is now among the producers on the new film. The original Nightmare on Elm Street, released in 1984, was about the return of Freddy Krueger (played by Robert Englund), a child-murderer who was in turn murdered by his victims’ parents. He returns to Elm Street to murder a new generation—in their dreams and in the waking world. Seven sequels followed, and the film was rebooted (with a screenplay co-written by Shadow and Bone creator Eric Heisserer) in 2010. The series has, over the years, had a handful of interesting directors (including Renny Harlin and Rachel Talalay), but there’s no word yet on who will direct this new version. In fact, there’s little detail at all about the next take on Nightmare, and THR says only that “it has been described as being ‘set in the world of A Nightmare on Elm Street, based on the original screenplay.'” One way or another, Freddy’s on his way back. [end-mark] The post Paramount is Remaking <i>A Nightmare on Elm Street</i> appeared first on Reactor.