3:19pm PT by Austin Siegemund-Broka
'I Know What You Did Last Summer' Reboot Moving Forward at Sony
Sony will reboot the teen horror franchise I Know What You Did Last Summer with Oculus' Mike Flanagan writing the script, The Hollywood Reporter has confirmed.
He and co-writer Jeff Howard, with whom Flanagan wrote Oculus, will take a new stab at the 1997 slasher film in which four friends are hunted by a murderer after they cover up an accident in which someone was killed.
Sony-based Neal Moritz (22 Jump Street) will produce through his Original Film banner. Moritz produced the original version, which starred Jennifer Love Hewitt, Sarah Michelle Gellar, Ryan Phillippe and Freddie Prinze Jr and was scripted by The Following creator, Kevin Williamson. It grossed $125 million and launched a sequel the following year, which Moritz also produced.
The films are based on the 1973 young-adult suspense novel by Lois Duncan, whose book Down a Dark Hall is currently in development at Lionsgate.
Flanagan's microbudgeted Oculus, which stars Karen Gillian and Brenton Thwaites, was acquired by Blumhouse and Relativity at TIFF in 2013 and released for a $40-million gross worldwide. Flanagan has completed the horror film Somnia, which he co-wrote with Howard, and they are attached to write an adaptation of the Stephen King novel Gerald's Game with Flanagan directing.
Deadline first reported the news.
Borys Kit contributed to this article.
Sep. 15, 3:26 p.m. Updated to clarify Flanagan's role in the project as only writing.