It’s like a bad nightmare.

On the heels of his production company starting a re-ramping of “Friday the 13th,” Michael Bay’s Platinum Dunes will revitalize the “Nightmare on Elm Street” franchise for New Line Cinemas, reports Variety [1].

Platinum Dunes have produced horror remakes of “The Amityville Horror,” “The Hitcher,” “The Texas Chainsaw Massacre,” and a prequel to the “Chainsaw” remake.

Marcus Nispel, who directed that “Massacre” remake, will be directing “Friday the 13th.” Martin Campbell, whose last film was the stellar relaunch of James Bond, “Casino Royale,” will be directing another remake for Dunes: “The Birds,” starring Naomi Watts.

No word yet if “Nightmare” creator Wes Craven or Robert Edlund will be involved.