On August 19, 1988, “A Nightmare on Elm Street 4: The Dream Master,” directed by Renny Harlin, premiered in theaters. Starring Robert Englund as the iconic Freddy Krueger, the film had a budget of $13 million and became a box office hit, grossing $49.4 million. The movie continued the successful horror franchise, becoming one of the highest-grossing films in the series.