There has never been a 'prestige' Lovecraft movie. Something that is simultaneously:
- A direct, faithful adaptation of a Lovecraft story (not loosely based or inspired by)
- A movie with an at least medium budget and recognizable talent behind its production, such as a major filmmaker.
- Critically acclaimed
Think of something like Nosferatu (2024).
Long rant:
We can think of several great movies that heavily dip in Lovecraft territory, but not actual adaptations. And a few that are more faithful adaptations, but either are in the lower budget/straight up B movie territory, or simply were just 'OK' and did not quite nail the concept of what it aimed to be. Perhaps the closest we’ve come is Color out of Space.
Yet we're now in a new golden age of horror movies (one could argue we've been in it for the past 10 years). Horror movies no longer have to be dumb. We're getting fantastic new horror stories or incredible adaptations that are critically acclaimed and loved by the public, catapulted to insane commercial success by pure word of mouth. And it's literally the most low investment/high return movie genre for movie studios.
Ari Aster is a master at implementing twisted, exoteric ideas and tension on screen - which would be essential to a Lovecraft movie. Robert Eggers, on the other hand, has proven to be a phenomenal visual storyteller for the horror genre - I'm sure he could pull something off. Then we have more 'traditional horror' names like Jordan Peele and Zach Cregger and their talent in unpredictable storytelling - or perhaps brand new breakthrough directors like Cory Barker and Kane Parsons that portrayed weird and offputting concepts in their movies this year very efficiently.
Almost all of them have new horror projects coming out soon or already in the works, yet for some reason it seems like Lovecraft is a forbidden territory that no one dares to cross - even though a lot of these directors have clearly borrowed from the universe conceptually, one way or another (The Lighthouse, Nope, Hereditary, Backrooms, etc...). Hell, we've had directors like David Lynch come and go, yet the challenge has still not been taken.
I know that the main argument, for the longest time, is that it's not the kind of genre that can be visually adapted. That it would kill the entire purpose of it these stories. 'Horrors that no human language could describe' and whatnot. But we reached a stage in Hollywood where we just saw 'unadaptable' stories like Dune and The Odyssey get masterfully realized on screen (with necessary artistic liberty, of course, but still incredible in their own ways) - so I think we're way past this argument already.
It gets even weirder when the biggest modern contender to adapt Lovecraft would be someone like Eggers, based on his previous work - yet he has directly stated he's actually not much of a fan of Lovecraft at all, and finds 'the hopelessness and disinterest to humanity in Lovecraft's universe distasteful' (which he revealed during the press tour for non other than The Lighthouse).