Trends come and go in Hollywood, but one of the most striking in my memory is the self-aware horror movie boom of the mid to late 1990s.  This was, of course, due to the massive success of Wes Craven’s excellent Scream in 1996, and spurred teen-centric, reference-heavy films like Urban Legend, Halloween H20: 20 Years Later, and of course I Know What You Did Last Summer (also written by Scream scribe Kevin Williamson).  These weren’t good movies per se, but they had their B movie-level charms.  Now Hollywood is keen on resurrecting one such property, and they’ve settled on an I Know What You Did Last Summer remake for some reason.  Sony Pictures has already hired Oculus writer/director Mike Flanagan to write and produce the slasher redo and alongside Fast & Furious producer Neal Moritz.  More after the jump.

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Directed by Jim Gillespie, the original I Know What You Did Last Summer was loosely based on the novel of the same name by Lois Duncan and revolved around a group of teenagers who were tormented by a hook-handed man they drunkenly hit with their car and left for dead.  It featured the so-very-90s ensemble of Jennifer Love Hewitt, Sarah Michelle Gellar, Ryan Phillippe, and Freddie Prinze Jr., and even featured a cameo by Anne Heche.  In the wake of Scream, the pic raked in $125 million at the box office and spawned the aptly titled follow-up I Still Know What You Did Last Summer.

Per Deadline, Sony has hired Mike Flanagan to write and produce the I Know What You Did Last Summer remake as a fairly low budget horror film, though it's unclear if he will also direct.  The plan is to get the pic going for release in 2016, and since low budget/high profit horror films are all the rage at the moment, one imagines they won’t have much trouble getting this thing off the ground.

Of all the horror titles laying around I wouldn’t have necessarily chosen I Know What You Did Last Summer for the remake treatment.  That said, I heard good things about Flanagan’s debut Oculus despite disappointing box office numbers, so maybe he can take the central premise of the story and craft a fun and frightening horror pic.

If you’re in the mood for 90s overload, check out the original I Know What You Did Last Summer trailer below.

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I Know What You Did Last Summer Remake