It could be a case of “one, two, Freddy’s coming for you” as Wes Craven’s estate has regained the rights to A Nightmare on Elm Street after 35 years.
With Craven Bringing the razor-gloved Freddy Krueger into our nightmares in 1984, the franchise soon grew. Although he handed over the reins after the first movie, Craven returned to direct Wes Craven's New Nightmare in 1994. However, Freddy has been stuck in limbo since Samuel Bayer’s maligned 2010 remake.
Following Craven's passing in 2015, Bloody Disgusting reveals the horror maestro's estate has secured the rights to the first movie and the character of Freddy Krueger. Writers are able claim back the rights to their work after 35 years. With 2019 marking 35 years since Craven introduced fans to the Springwood Slasher, his estate has reclaimed Freddy.
Keep in mind, this doesn't necessarily mean a new movie is on the horizon just yet. The Craven Estate only owns the US rights, with Warner Bros./New Line Cinema maintaining control of international distribution. What it does mean, however, is that Craven's estate would have the final say on what happens next to Freddy next.
Alongside the likes of Scream and The Hills Have Eyes, A Nightmare on Elm Street was one of Craven’s defining creations. When Warner Bros. moved forward with Bayer's reboot and tried to return Freddy to his terrifying roots, 2010's A Nightmare on Elm Street failed to be a hit with either fans or critics. The studio had planned a new series of movies with Jackie Earle Haley and Rooney Mara as Freddy and Nancy, respectively, but those plans were ultimately scrapped.
This is an interesting turn of events, considering Aquaman writer David Leslie Johnson-McGoldrick confirmed just last year that he was still planning on reviving the series. There's been a recent resurgence in horror franchise as the likes of Halloween and Child's Play have been given modern reboots, but Freddy Krueger is coming up on a decade without a feature film.
While it's unclear how an Elm Street revival could work, original Freddy actor Robert Englund hasn't completely discounted picking up his iconic glove for one more outing. Elsewhere, original final girl Heather Langenkamp has also expressed an interest in returning as Nancy Thompson.