Being remade yet again?
Good god...
Prom Night (1980) - fun movie. Definitely worth watching.
Prom Night (2008) - horrible, neutered for PG-13, completely worthless.
Not to mention all the sequels that really didn't carry forward anything, and often went back in time, just happened to be set around a prom. Of those, Prom Night II: Hello Mary Lou (1987) is a lot of fun.
So I guess this could maybe be better than 2008 piece of shit.