This rewrite is better than the original
I think the writer did a marvellous job mixing the original with his own ideas. I love that this is not a group of adults reflecting upon their childhood, he made this take place in its own world.
And the original well in the haunted house was a very nice horror movie rewrite.
His homage and update was great too. Instead of a photo album that comes alive, he has a possessed photo-slide machine.
The love-triangle worked as well.