Oculus director Mike Flanagan is being tapped to write and direct a remake to the 1997 slasher horror movie I Know What You Did Last Summer, which originally starred Jennifer Love Hewitt, who will return as a producer on the film—though it is unclear if she will act in the film as well.

I Know What You Did Last Summer was a major hit when it was released in 1997. It was the first film to ride the wave of the slasher genre that Scream had revitalized. Kevin Williamson was the screenwriter of both pictures; both had small budgets (in Summer’s case only $17 million) but earned well over a $100 million when released.

Williams’ screenplay was based on Lois Duncan’s 1973 novel of the same name. The film launched the careers not only of Hewitt but also her co-stars, Sarah Michelle Gellar, Ryan Philippe and Freddie Prinze, Jr. A sequel was released in 1998 called I Still Know What You Did Last Summer which did well but not as well as the original, followed in 2006 by a direct to video I’ll Always Know What You Did Last Summer that was meant to be both a remake and a standalone feature, but bombed both critically and financially.

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