Fright Night fans take a deep breath, hold it in for a few seconds and slowly exhale. Yes it's going to happen whether you want it to or not. It's happened to all of our beloved 80's horror movies and why wouldn't you remake Fright Night, it's like over 20 years old or something!...

Follow up:

All joking aside maybe modern effects and some updated wittiness will help this movie (don't throw things). Time will tell but either way we're stuck with it so at the very least we all can give it a chance, right? :-)

Below is what the Hollywood-Reporter had to say....

"Mad Men" writer-producer Marti Noxon has been hired to pen DreamWorks Studios' revamp of the 1985 horror comedy "Fright Night." Before her work on AMC's "Mad Men," Noxon was a writer-producer on the bloodsucker series "Buffy the Vampire Slayer" and "Angel," so fangs and stakes are in her blood.

Producers Michael De Luca, Michael Gaeta and Alison Rosenzweig set up the "Fright" project in May. DreamWorks executive Mark Sourian is overseeing for the studio.

The original "Fright," released in 1985, was written and directed by Tom Holland and starred Chris Sarandon, Roddy McDowall and William Ragsdale. Ragsdale played a teenager who discovers his neighbors are vampires.

The new version will keep the comedy-horror tone while modernizing the effects. (read: lots of CGI); a director and cast have yet to be signed.

The WME-repped Noxon also has been a writer-producer on ABC's "Private Practice" and "Grey's Anatomy" and Fox's "Prison Break."

Fright Night Trailer from the 1985 original: