Back in 1997, Columbia Pictures brought us a big screen adaptation of the old teen horror novel by Lois Duncan, I Know What You Did Last Summer. It was during the post-Scream horror boom in Hollywood, where getting casts of unknown, young, beautiful people to die one at a time was cool again. It was during this period that the Final Destination series got its start as well. Summer earned a whopping $125 million on a rather minuscule budget, and got itself a sequel the following year.
Well, now Columbia's parent company is ready to bring the series back. In what's likely to be a complete reboot, Sony Pictures has hired Oculus director/co-writer Mike Flanagan, and his partner on that film Jeff Howard, to take a new crack at Duncan's book. The studio is clearly impressed by what Flanagan and Howard were able to do with Oculus, creating a movie that cost just $5 million to make yet raked in over $40 million.
If you're unfamiliar with the premise of the book, or the films, terror befalls a group of small town teenagers who attempt to cover up a hit-and-run murder perpetrated by a member of the group. Thinking they got away with, well, murder, the teens soon find they were horribly mistaken when a mysterious killer shows up to pick them off one by one.
Deadline's sources claim that this I Know What You Did Last Summer reboot is a priority for Sony, and we could see it in theaters as soon as 2016.