Since the Covid-19 pandemic, when streaming films at home increased, Hollywood has been struggling to get people back into cinemas.
Horror movies, which tend to be relatively cheap to make, seem to be bucking the trend, and IKWYDLS is the latest big studio release hoping to do the same.
Its director Jennifer Kaytin Robinson tells Newsbeat the feeling of watching with an audience is hard to replicate on your sofa.
"I think it's the collective experience of being scared," she says.
"It's so fun. Everybody wants to go to the movies with their friends and jump and scream and have a good time."
IKWYDLS is a retread of the cult 1997 slasher movie about a group of friends who agree to cover up a tragic accident, only to be pursued a year later by an anonymous killer known as the Fisherman.
The original came out in October - the traditional "spooky season" window for big horror releases.
But IKWYDLS cast member Jonah Hauer-King says he thinks the new version won't feel out of place in July.
"Counter-intuitively, though it is frightening and scary, there is something feel-good about this kind of film," he says.
"It doesn't take itself too seriously and it is a bit of a wild ride, so it feels like a summer popcorn film with the scares and with the thrills."