URBAN LEGEND Reboot in the Works from Gary Dauberman and Neal Moritz

If you grew up on late-'90s slashers, there’s some news that might give you a jolt of nostalgia as Urban Legend is officially getting the reboot treatment.

Screen Gems, Sony’s genre arm, is deep in early development on a new version of the 1998 cult hit. They've tapped Shanrah Wakefield to write the script, and they’re bringing in some major genre heavyweights to develop the project.

Gary Dauberman, the horror mind behind It, Annabelle, and The Nun, will produce through his Coin Operated banner. Meanwhile, Neal Moritz, who produced the original, is currently in negotiations to return for this new chapter.

The original Urban Legend was directed by Jamie Blanks and written by Sylvio Horta. It dropped audiences into a New England university terrorized by a killer who recreated famous urban legends as murder scenes.

Think death by Pop Rocks and soda, or being hunted on a dark highway after flashing your headlights. It starred a who's who of late-’90s rising stars, including Jared Leto, Alicia Witt, Joshua Jackson, Michael Rosenbaum, Rebecca Gayheart, and Tara Reid.

While it didn’t quite hit the cultural nerve the way Scream or I Know What You Did Last Summer did, it still made its mark and spawned two sequels.

As for the reboot, the details are being kept under wraps for now, but sources say the story will dive into what an urban legend looks like in a post-digital world. Which makes sense as today’s urban myths are born and spread faster than ever thanks to social media.

It’s worth noting that Dauberman’s been on a roll. He just co-wrote and produced Until Dawn, the horror flick based on the Sony video game, which just hit theaters,. hat movie, about a group of friends trapped in a time-loop nightmare of gruesome deaths, reunites him with his Annabelle: Creation director David F. Sandberg.