From the general description of the movie, it doesn't sound like a remake of the original, or even a retelling of the original events. It still may be good , but I myself would prefer to have an excellent telling of the actual events that took place.
The 1976 Charles Pierce movie focused on the original murders. I'm not quite sure why they're "remaking" it with a modern-day setting--except maybe they liked the title. The original has only a small cult following (I suspect Addison Timlin's boobs actually have a much larger cult following. . .)
It's more like a re-imagining. The 1970's movie exists within this film's universe but as a movie (like the stab movies in Scream). The opening murder takes place while a bunch of teenagers are watching the 1970's movie at a drive-in. So the movie treats the 1940 real life murders as an event which happened in their town and the 1970's fictional movie as a movie which was filmed based on those events. There is even a scene when the characters track down the son of the director who directed the 1970's movie in the hopes he can tell them if the director had any theories on who the original killer was.
I wish they had used his actual son, who was in six of his films. I haven't watched it yet, but saw that Charles Sr. makes a cameo. If that's the storyline they follow it would have been awesome if they brought in Chuck Jr.
The rest of your description makes complete sense. Though I would have liked to see a straight up remake of this myself, I can get behind this concept as well.
Ummm where does Charles Pierce Sr. make a cameo in this newer version? He passed away in 2010 in Tennessee. I was at his funeral. Perhaps an old clip from the original movie?
Because it's not. This film is a "meta-sequel". The original movie exists in this, but just as a movie. The events of this film are connected to the real-life murders that the original movie was loosely based on.