Original Australian Daybill movie poster, artwork by Matthew Peak. | A Nightmare on Elm Street 4: The Dream Master is a 1988 American slasher fantasy film and the fourth film in the Nightmare on Elm Street series. The film was directed by Renny Harlin, stars Robert Englund, Lisa Wilcox and Danny Hassel. It is the sequel to A Nightmare on Elm Street 3: Dream Warriors and is followed by A Nightmare on Elm Street 5: The Dream Child. The film was released on August 19, 1988 to generally mixed reviews, grossing over $49.3 million in the US, making it the highest grossing horror film at domestic box office released in the 1980s and the most financially successful film in the franchise until the release of Freddy vs. Jason.