It appears as if the “King of B-Movies” Roger Corman, is turning back the clock and revisiting a few tales he directed in the 1950′s and 1960′s, only difference this time is he will be on producing duties and The Hollywood Reporter got the exclusive word.
According to the site, Roger Corman (86) is remaking new versions of eight low-budget horror films based on the stories by 19th century American writer Edgar Allan Poe, which consist of; 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.
As stated above, this time Corman, will take his efforts to producing, with the first scheduled to begin production in 2013, and then two more a year after that.
The budgets will be around the $2 million to $2.5 million mark, whereas the originals were shot for $250,000 to $350,000.
The new films will be self-financed by Corman’s New Horizons Productions, which will then see a short theatrical release in the States, and possible more when the films hit the American Film Market.