New Delhi, July 14 -- LOS ANGELES - For the first time since Wes Craven brought Freddy Krueger to New Line Cinema in 1984, U.S. rights to a new Nightmare on Elm Street feature belong to a different studio. Paramount has secured those rights through a deal with the Craven estate, with the project designated for Paramount Primal, the studio's newly formed genre label.

The deal was struck with Iya Labunka, Craven's widow, and Jonathan Craven, his son, who are attached as producers alongside Marc Toberoff, an entertainment attorney-producer. J.D. Lifshitz and Raphael Margules, who run Paramount Primal, are executive producers on the project. The Hollywood Reporter, which broke the deal exclusively, confirmed no writer or director has been se...