According to Dread Central, Warner Bros. has shut down development of its own film in the “A Nightmare on Elm Street” franchise. The studio was in talks with Lee Cronin, director of “Evil Dead Rise”, and hoped to put his version into production ahead of the competition. However, following the merger of Warner Bros. and Paramount, both projects ended up under one roof. In the end, only the Paramount film got the green light.
Back in July, Paramount reached an agreement with Wes Craven's estate to acquire the rights to a new movie. It will be based on the script Craven wrote for the original 1984 “A Nightmare on Elm Street”. How closely the new version will follow the storyline of the first film remains unknown. The studio has also not announced who will direct or adapt the screenplay. The movie does not yet have a release date.