CBS Films has sprung for a pitch from Saw writers Patrick Melton and Marcus Dunstan to adapt Alvin Schwartz’s classic spooky tale collection Scary Stories to Tell in the Dark, Deadline said.

According to Deadline, it was a competitive bidding for the project, which will see Melton and Dunstan adapt some of the Scary short stories into a screenplay about a group of outcast kids who stand up to their fears to save their town when nightmares come to life.

Schwartz collected the Scary Stories tales from folklore and urban legend. The three-book children’s series, which has sold more than 7 million copies worldwide, began with 1981′s Scary Stories To Tell In The Dark and continued with More Scary Stories To Tell In The Dark (1984) and Scary Stories 3: More Tales To Chill Your Bones (1991).