After having success adapting the film Teen Wolf for the small screen (albeit in near unrecognizable fashion), news has hit that MTV is planning to create a new show based on the Scream series of films.
Directed by horror legend Wes Craven, the four Scream films have grossed over 500 million dollars worldwide, all on budgets well under 50 million each. The most recent film, 2011's Scream 4, certainly didn't make the same box office splash as the original trilogy, but has still more than doubled its budget at the global box office.
The info on the series so far is very limited. It is unknown whether director Wes Craven or writer Kevin Williamson will have any involvement creatively on the new project. It is also undecided whether the show will feature the characters from the films, or will follow different ones inhabiting the same universe. However, the series is officially a go, so it shouldn't be too much longer before that type of stuff is revealed publicly.
Personally, I think this is a bad idea. Scream 4 wasn't bad, but it was definitely showing the signs of creative stagnation. Trying to tell this kind of story in a TV format would most likely end up either being too rushed and killing multiple people off every episode, or be a slow burn that would lose viewers due to lack of action. While CBS had some success on the creative end with "body-count" series Harper's Island a few years ago, the ratings weren't kind and the show died a pretty quick death. The Scream name will certainly draw in some initial viewers, but the story will have to be great to keep them coming back.
Would you be interested in a Scream TV series? Would the show be better off following the existing characters or creating new ones?