The estate of horror legend Wes Craven is reportedly accepting pitches for new Freddy Krueger films.
The report comes from Bloody Disgusting, who state, “Craven’s estate has begun work on resurrecting Freddy as they are actively taking pitches for a new A Nightmare on Elm Street.”
The film and TV rights to A Nightmare on Elm Street and Freddy Krueger reportedly reverted back to Craven’s estate back in September. Bloody Disgusting reported:
“Writers can reclaim ownership of their work after 35 years, and 2019 marks 35 years since Elm Street was released. Like Victor Miller, Craven’s estate was, therefore, able to legally reclaim ownership of the original film this year, which was of course written and directed by the late Wes Craven.”
In a little-known copyright law, “termination of transfers” allows creators to reclaim their work from the studios they sold them to in the past.
Title 17 of the U.S. Code, which comprises the U.S. copyright statute, allows for creators of works, movies, music, etc, to reclaim their works after 35 years.
According to the U.S. government’s copyright website, section 203 of the Copyright Act specifically allows for rights to revert back to their original creators or their survivors after 35 years.
“Section 203 of the Copyright Act permits authors (or, if the authors are not alive, their surviving spouses, children or grandchildren, or executors, administrators, personal representatives or trustees) to terminate grants of copyright assignments and licenses that were made on or after January 1, 1978 when certain conditions have been met. Notices of termination may be served no earlier than 25 years after the execution of the grant or, if the grant covers the right of publication, no earlier than 30 years after the execution of the grant or 25 years after publication under the grant (whichever comes first). However, termination of a grant cannot be effective until 35 years after the execution of the grant or, if the grant covers the right of publication, no earlier than 40 years after the execution of the grant or 35 years after publication under the grant (whichever comes first).”
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The report also mentions rumors of a possible HBO Max series that is currently being considered as well as a feature film. Pitches for both big and small screens are being taken into consideration by the estate.
While there is little information on the future of Freddy Krueger, Robert Englund has made it known that though he might be able to pull off one more movie, he’d rather see someone else take the helm of the franchise for the long term.
Who should be next to wear the fedora? We know actor Kevin Bacon has been invoked in the past by both fans and original Freddy Krueger actor Robert Englund. Is there anyone else who could really take on the role? Let me know your thoughts!