Classic B-movie king Roger Corman is developing new low-budget 3D horror adaptations of eight Edgar Allan Poe stories which he previously adapted and directed back in the 1950s and ’60s.
The eight films will include "House of Usher," "The Pit and the Pendulum," "The Masque of the Red Death," "The Raven," "The Tomb of Ligeia," "Premature Burial, "Tales of Terror," and "The Hunted Palace."
Corman will only produce these films. Each will have a budget of around $2-2.5 million with the first to be filmed next year. The plan is to release two of these each year with Corman’s New Horizons Productions self-financing the films.