Claim: A Nightmare on Elm Street was directed by Wes Craven on a budget of almost $2 million.
Evidence: A Nightmare on Elm Street is a 1984 American slasher film written and directed by Wes Craven , and the first film of the Nightmare on Elm Street franchise.
Craven filmed A Nightmare on Elm Street on an estimated budget of $ 1.8 million , a sum the film earned back during its first week.