Adam Gierasch wrote the screenplay with his longtime partner Jace Anderson and is directing the story of a Halloween party that turns into a nightmare when a group of teenagers find themselves being stalked by demon spirits.
Shannon Elizabeth, Monica Keena, Diora Baird and Edward Furlong star. Greg McKay is producing with Kevin Tenney, who directed the 1988 original that starred Linnea Quigley.
Drac Studios, whose team of creatives earned two Oscars for Bram Stoker's Dracula and Mrs Doubtfire, is creating the demons.
'We have every confidence in Adam's ability to deliver a thoroughly frightening cinematic experience,' Seven Arts CEO Peter Hoffman said, adding that he hoped the film would launch a franchise.