Another group of young adults will discover that you can't keep a murderous secret buried, as Sony Pictures has announced they are rebooting I Know What You Did Last Summer, the 1997 film based on Lois Duncan's 1973 novel of the same name, and fans of the horror film Oculus should be pleased with the creative forces behind the reboot.

Deadline reports that Mike Flanagan and Jeff Howard will write and produce the I Know What You Did Last Summer reboot, once again adapting the story from Lois Duncan's novel. Neal Moritz, a producer of the original film, will return to produce the reboot. Sony is looking to release the remake sometime in 2016.

It will be interesting to see how closely Flanagan and Howard follow Duncan's book, as the 1997 film is a very loose adaptation of the character-driven thriller that exists on the printed page. The original movie follows four high-school seniors who accidentally kill a man on the Fourth of July and dump his body underwater, agreeing to never tell anyone what happened. But the following summer, a hook-wielding figure in a rain slicker haunts and hunts the young adults, taunting them with the message, "I know what you did last summer!"

The first film is written by Scream scribe Kevin Williamson and stars Jennifer Love Hewitt, Sarah Michelle Gellar, Ryan Phillippe, and Freddie Prinze, Jr. The franchise spawned two sequels: 1998's I Still Know What You Did Last Summer and 2006's direct-to-video I'll Always Know What You Did Last Summer.

Mike Flanagan is best known for co-writing (with Jeff Howard) and directing this year's largely well-received horror film, Oculus, which made $40 million worldwide on a minuscule budget. The duo also has a horror film titled Somnia due out next year from Intrepid and Demarest, a film "about a couple (Kate Bosworth and Thomas Jane) who discover their young foster child’s dreams manifests in the real world when he sleeps." Flanagan and Howard are currently working on an adaptation of Stephen King's 1992 novel, Gerald's Game.

We'll keep Daily Dead readers posted on further developments with the I Know What You Did Last Summer reboot. If you missed it, check out our recent interview with Mike Flanagan:

Source: Deadline
  • Derek Anderson
    About the Author - Derek Anderson

    Raised on a steady diet of R.L. Stine’s Goosebumps books and Are You Afraid of the Dark?, Derek has been fascinated with fear since he first saw ForeverWare being used on an episode of Eerie, Indiana.

    When he’s not writing about horror as the Senior News Reporter for Daily Dead, Derek can be found daydreaming about the Santa Carla Boardwalk from The Lost Boys or reading Stephen King and Brian Keene novels.