Rival Elm Street Movie Is Dead
Warner Bros. has dropped its own A Nightmare on Elm Street movie, leaving Paramount as the only studio making a new Freddy Krueger film. Dread Central reported the news as an exclusive on Tuesday.
The two studios had been heading toward a strange standoff. Back in July, Paramount struck a deal with the Wes Craven estate for the U.S. rights to make a new film based on Craven’s original screenplay. Warner Bros. still held the international rights and started work on a competing version, with Evil Dead Rise director Lee Cronin in talks to write and direct.
That race ended when Paramount completed its purchase of Warner Bros. Discovery on October 6, putting both companies under one roof. According to Dread Central, the Cronin project is no longer moving forward.
The Paramount film is being made under its Paramount Primal label. Iya Labunka, Jonathan Craven and Marc Toberoff are producing, with J.D. Lifshitz and Raphael Margules as executive producers. No director, cast or release date has been announced yet.
The last Elm Street movie was the 2010 remake starring Jackie Earle Haley as Freddy. Bloody Disgusting also picked up the report.
