Oh yeah, this is going to work. According to bloody-disgusting The Weinstein Company is looking for the new Hellraiser reboot to be targeted to teens, which means they're looking at a PG-13 Hellraiser film!? This makes absolutely no sense at all for this franchise! They are also looking to cast Amber Heard ( Zombieland, The Stepfather) as the lead female role in the film. This is going to be one hell of a lame ass Hellrasier movie. This is going to end up being your standard run-of-the-mill teenage horror piece of crap.
It's also been confirmed that Christian E. Christiansen is circling the project as a potential director. Christiansen directed the upcoming horror thriller The Roommate which looks absolutely terrible, so that's just another reason this big budget Hellrasier movie is going to end up being a waste of time and money.
I doubt this is what Clive Barker envisioned for his jacked-up Pinhead character and franchise.