It looks like the producer/financier will work with Lionsgate on these projects. The studio is releasing Saw VI on October 23.
The Texas Chainsaw Massacre would have a contemporary storyline and would also be done in 3D. Writing the script would be Stephen Susco (The Grudge).
The Texas Chainsaw Massacre in recent years had been brought out by New Line with a remake and a prequel produced by Platinum Dunes.
The new deal with Twisted Pictures will be for multiple films.
The 2003 remake of The Texas Chainsaw Massacre cost $9.5 million and brought in $110 million worldwide. The 2006 film grossed $55 million on a budget of $13 million.