HELLRAISER is a pretty average film, but the Cenobites (the most iconic of which, of course, is Pinhead) are a terrific visual creation and could be the source of a fascinating horror film. It also stars Andy Robinson (DS9's Garak), which may be of note here.
Unfortunately, a PG-13 rating just about takes away anything a bigger budget (the original HELLRAISER was made for cheap) might have offered this production. I'll take another round of HELLRAISER...IN SPACE! over this, thank you very much.