Freddy Krueger has a new home and he's ready to carve up a new nightmare.⁠ ⁠ Paramount Pictures has closed a deal for the U.S. rights to the original screenplay of #ANightmareonElmStreet, the movie written and directed by Wes Craven that kicked off the popular horror franchise featuring the killer with the metal-claw gloved hand and burned face, and will adapt it into a new feature.⁠ ⁠ The new 'Nightmare on Elm Street' will hail from Paramount's new genre label, Paramount Primal, led by J.D. Lifshitz and Raphael Margules, the producers behind films such as #Barbarian and #Friendship.⁠ ⁠ Get all the exclusive details at the link in bio.