Written by Kevin Williamson (Scream) and directed by Jim Gillespie (Billionaire Ransom), the original I Know What You Did Last Summer premiered in theaters in 1997. It starred Jennifer Love Hewitt, Freddie Prinze Jr, Sarah Michelle Gellar, and Ryan Phillippe as a group of teenagers who seemingly kill a stranger in a car accident, disposing of his body in the water to cover up the crime. However, when a hook-wielding maniac begins to stalk, taunt, and terrorize the teens, it becomes clear the man they hit didn’t actually die, and now he wants revenge. The movie was very successful at the box office, grossing over $125 million against a $17 million budget.

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Of course, the movie did have sequels, as most successful horror releases do. I Still Know What You Did Last Summer was released the following year, bringing back Hewitt and Prinze while adding Brandy, Mekhi Phifer, and Jack Black to the cast. It picks up after the events of the first movie, with the hooked madman continuing his killing spree. The franchise would later close out as a trilogy with the release of the direct-to-video sequel I’ll Always Know What You Did Last Summer in 2006, which brought back none of the original cast members. Oddly enough, the horror series hasn’t been revisited by Hollywood since, somehow always getting overlooked during the horror movie reboot trend of the new millennium.

In any case, it’s not shocking to see an updated version of I Know What You Did Last Summer on the way, but bringing in Wan to helm the pilot is a rather nice surprise. The filmmaker is clearly skilled when it comes to the horror genre, and his involvement is a great sign moving forward for the upcoming series. This news was first reported by Variety.