In September, Wes Craven's Estate regained A Nightmare on Elm Street rights. Now, Freddy is getting ready to make a comeback. We've heard for several years now that the plan is to reboot A Nightmare on Elm Street. Or, rather, to reboot it again, following the failed attempt that was made in 2010. Now, it seems some real progress is finally being made on that front as Wes Craven's estate is said to be taking pitches for a new movie set within the iconic horror franchise.

According to a report from Bloody Disgusting, the estate of franchise creator Wes Craven, who sadly passed away in 2015, has re-acquired the domestic rights to A Nightmare on Elm Street franchise, as well as its main attraction, Freddy Krueger. While details are slim, the state is said to be actively taking pitches for a new entry in A Nightmare on Elm Street. As for what form that may take?

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That's totally up in the air. It could be a reboot. It could be a legacy sequel, sort of like what was recently done with 2018's Halloween. Robert Englund has said he could do one more Freddy Krueger movie, and Heather Langenkamp wants to return as Nancy. It all depends on who gets the opportunity to pitch and which idea ends up catching on.

While this is certainly promising news for those who wish to see Freddy Krueger killing teenagers in their dreams once again, there are some important notes. It's not clear, for one, if Wes Craven's estate has a deal in place with a studio for distribution yet, or if they intend to put together a package, then seek a studio partner later. It's also important to note that New Line Cinema still owns the international rights to A Nightmare on Elm Street. That could complicate things down the line. Say, for example, the estate partners with Paramount for distribution, they would then have to cut a deal with New Line to distribute internationally. But that's not impossible by any stretch. It's also highly possible that the estate could just work with New Line Cinema to handle the project worldwide, which would streamline the process.

Another important distinction here is that Wes Craven wrote the original A Nightmare on Elm Street, directed the movie and created the character of Freddy Krueger. That makes the rights situation much more simple. Unlike what's been going on with Friday the 13th. The rights to that franchise have been tied up in a big, bad way. Screenwriter Victor Miller has been trying to secure the rights, but since the character of Jason Voorhees as we know him wasn't in the first movie, things have become rather messy on that front with no end in sight.

Last we heard, David Leslie Johnson-McGoldrick (The Conjuring 2) was still attached to write a new take on the franchise, but no official updates have come to light on his proposed version for some time. More recently, Elija Wood and his producing partner Daniel Noah described the property as a dream project. Plus, there were rumors floating around that Alexandre Aja (Crawl) was being eyed to possibly helm a reboot. We'll be sure to keep you posted as any further details are made available.

Ryan Scott at Movieweb
Ryan Scott