Many classic horror fans have fond memories of Roger Corman's Edgar Allan Poe Adaptations from the 50's and 60's, starring Vincent Price. While it's hard to imagine them being able to recapture that magic in this day and age, it has been revealed that Roger Corman is moving forward with the development of eight low-budget horror films based on Poe's stories.

According to THR, the movies being developed include House of Usher, The Pit and the Pendulum, Premature Burial, Tales of Terror, The Raven, The Hunted Palace, The Masque of the Red Death, and The Tomb of Ligeia. While Roger Corman is set to produce all of these films, it was mentioned that he has no plans to direct at this time.

Each movie will be made in the $2 - $2.5 million range and will be self-financed under Roger Corman's New Horizons Productions. The plan is for the movies to have a limited theatrical release and they may be filmed in 3D. It's hard to imagine anyone filling Vincent Price's shoes in these movies, but it sounds like they are in search of a single actor who can appear in all of these films:

"Corman, honored at the first Governors Awards in 2009, says his biggest concern is replacing his legendary leading man Vincent Price, who died in 1993. Corman hopes to find a fiftysomething actor known from TV who, he says, can bring the same level of 'sensitivity and neuroticism that Vincent was able to bring.' "

Source: THR