The Nightmare On Elm Street Franchise Takes a Bizarre Turn in Hollywood The latest development in the long running Nightmare on Elm Street saga has all the makings of a high stakes corporate game of chicken, with two major studios, Paramount and Warner Bros.
, vying for control over the rights to the iconic horror franchise.
At issue is a complex web of ownership and creative vision: while Paramount claims to have negotiated independently for domestic rights to the original screenplay, Warner Bros.