Hammer bites back online
The company, which was acquired by a consortium of European investors in May, made its first film in 1934 and became known for vivid B movies bursting with zombies, ghouls and werewolves.
The new film, "Beyond The Rave", will be broadcast in episodes on social networking website MySpace early next year before being released to DVD. It will star Sadie Frost, the former wife of British actor Jude Law.
"When Hammer Films first started, it was an innovative production company and this new venture marks the beginning of a journey to recalibrate the DNA of Hammer Films for a new audience," Hammer Film Productions chairman and chief executive Simon Oakes said in a statement.
The company's last film was "To The Devil A Daughter" starring Honor Blackman in 1976. The Hammer House of Horror television series ran in the early to mid 1980s.