oh shyt another horror flick remake! sick!...

New Line is in talks with horror production company Platinum Dunes to re-launch the Nightmare on Elm Street movie series, the franchise that helped establish the studio.

The first "Nightmare" movie was made by Wes Craven and released in 1984. The runaway success of the film spawned a slew of sequels and created one of the most popular villains in screen history, Freddy Krueger, played by Robert Englund.

The film centered on Krueger, a serial child killer murdered by angry parents, who returns with a burned face and a razor glove to terrorize teens in their dreams.

A screenwriter will be hired once the Writers Guild of America strike ends. The producers -- Michael Bay, Brad Fuller and Andrew Form -- are hoping to focus part of the new movie on Krueger's backstory.