Paramount greenlights 'Nightmare on Elm Street' reboot

In several all-time hit horror movie lists, A Nightmare on Elm Street has a permanent place.

Now, Paramount is reviving Wes Craven's critically acclaimed 1984 movie.

According to The Hollywood Reporter, the network has acquired the U.S. rights to the movie under its label, Paramount Primal – which was launched to focus on horror content.

Craven's widow, Iya Labunka, and son, Jonathan Craven, will produce alongside attorney Marc Toberoff, who was key in helping the family regain the rights to the original film.

In addition, the duo J.D. Lifshitz and Raphael Margules will also serve as co-producers.

Though details about the project have been kept under wraps, the mere announcement of the chilling reboot – where the burnt-faced dream stalker once terrified the audience – has sent fans into overdrive.

In a statement, Labunka celebrated the announcement, saying, “Jonathan and I are so excited to be partnering with J.D. and Rafi along with the terrific team they’ve assembled at Paramount Primal."

“We look forward to bringing the world of Wes Craven’s ‘Nightmare on Elm Street’ to a new and completely engaged generation of fans."

"We know that Wes would have been thrilled to see how horror is taking its long overdue place in the cultural canon," she shared.

"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 statement concluded.