Wes Craven reportedly died at his Los Angeles home on Sunday, August 30.
He wrote and directed A Nightmare on Elm Street in 1984. His Scream franchise was reported to have grossed more than $100 million in the US.
Wes Craven wrote, directed and edited his first film, The Last House on the Left, in 1972.
A tweet from his Twitter account featured a picture of the director with the dates 1939-2015.
Wes Craven was credited with reinventing the teen horror genre when the first movie featuring Freddy Krueger was released in 1984 starring a then-unknown Johnny Depp.
He had more recently signed deals to develop television programs, including the new Scream series for MTV.
Wes Craven had also been working on a horror novel series.
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