In the macabre world of horror, few franchises command the chilling reverence of the Texas Chain Saw Massacre. The guttural roar of a chainsaw, the unsettling mask of human skin, and a family defined by depravity have cemented its legacy as a cornerstone of the genre. Now, as the iconic IP finds itself at the center of a high-stakes bidding war, a new chapter in its bloody history is about to be written as A24 is reportedly in the lead to acquire the rights. The stakes are immense, not just for a piece of cinematic history, but for the future direction of one of horror's most celebrated and terrifying sagas.

With the looming deal, a curious detail has emerged regarding the future of the franchise.

A24 appears to be the frontrunner to acquire the film and TV rights for the Texas Chain Saw Massacre franchise after a competitive auction. The studio, known for horror hits like Hereditary, plans to develop a new series with JT Mollner and Roy Lee. While the deal is not yet finalized, A24 has reportedly beaten out other notable bidders, including projects from Bryan Bertino, Oz Perkins, and Taylor Sheridan, according to sources who informed Deadline.

The report also notes that A24 may still produce a previously planned Netflix film. Written and directed by Tobe Hooper, the 1974 horror film The Texas Chain Saw Massacre is a landmark of the genre with fan-favourite reviews. Produced on a budget of around $140,000, its raw, documentary-style cinematography and psychological terror made it a massive commercial success, grossing over $30 million and influencing generations of filmmakers.

Texas Chainsaw Massacre: Check Out the Easter Eggs That You Definitely Missed

The intense competition for the rights to the franchise drew a host of notable contenders.

The auction for the iconic rights became a major event within the entertainment industry, attracting a wide range of interested parties. A24 emerged as the clear frontrunner, but the competition was fierce, including other major players such as Sony Pictures. Sony was reportedly seeking to purchase the rights outright, a different strategy from A24's preferred approach of a long-term rental agreement.

Among the notable bidders, director Jordan Peele's Monkeypaw Productions initially expressed interest, but their pursuit quickly dissipated. The bidding also saw a push from filmmaker Taylor Sheridan, who had a specific vision for a version of Leatherface. Additionally, Oz Perkins and Bryan Bertino joined forces to pitch a film under the Neon banner. While the deal is not yet finalized, A24 holds a strong position.

Texas Chainsaw Massacre Ending Explained- Did You Catch the Mid-Credit Scene?

Will A24's Acquisition of The Texas Chain Saw Massacre Redefine the Franchise? Let us know in the comments below.