The Hollywood Reporter say:
New Line is in talks with horror production company Platinum Dunes to re-launch the “A Nightmare on Elm Street” movie series, the franchise that helped establish the studio.
Partners Michael Bay, Brad Fuller and Andrew Form will produce the redo.
The first “Nightmare” movie was made by Wes Craven and released in 1984. The runaway success of the film spawned a slew of films and created one of the most popular villains in screen history, Freddy Krueger, played by Robert Englund.
The films’ premise centered on Krueger, a serial child killer murdered by angry parents, who returns with a burnt face and a razor glove to terrorize teens in their dreams.