Sony is developing a reboot of I Know What You Did Last Summer, the 1997 slasher thriller based on the 1973 novel of the same name about four friends stalked by a mysterious killer after they cover up a fatal accident. Deadline reports that Oculus co-writer/director Mike Flanagan and his partner Jeff Howard are scripting the reboot for producer Neal Moritz, who also produced the original movie and its 1998 sequel, I Still Know What You Did Last Summer. "The remake is somewhat of a safe bet for Sony — a proven title that can be cast on the cheap and done on a lower budget," the site observes. Continue reading…