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2024 marks the 40th anniversary of the release of writer/director Wes Craven’s classic A Nightmare on Elm Street (watch it Here), but there doesn’t appear to be any news about a revival of that franchise anywhere on the horizon. Meanwhile, Variety reports that writer/director Gene Fallaize is preparing to head into production on a new thriller called Nightmares – which sounds like it’s digging into the true story that inspired Craven to write the original Nightmare in the first place.

A Nightmare on Elm Street isn’t directly referenced anywhere in the Variety article, but when you take the title Nightmares and combine it with the synopsis, their report does seem to point in the direction of Elm Street. The synopsis says Fallaize’s script is based on the true story that became the basis one of the greatest horror movies of all time, following a journalist...

Writer and director Gene Fallaize, who helmed Kevin Spacey’s first post-acquittal feature “Control,” has set his next project, a thriller titled “Nightmares.”

Written by Fallaize, the film is based on a “true story that became the basis one of the greatest horror movies of all time, following a journalist attempting to uncover the truth behind several unexplained deaths,” according to the synopsis.

Casting is already underway with the film scheduled to begin production in London and L.A. early next year. Fallaize will direct while producers are Emily Hasseldine and Adam Southwick and Jayne Snipe. Jamie Walker and Maria Lee Metheringham will exec produce while Adam Hooper is an associate producer.

Fallaize’s production company Cupsogue Pictures are making the film.

“I’m thrilled that ‘Nightmares’ is moving into production, which has been an easier process than I’ve experienced in the past, in no small part I’m...