Wasn't there talk of a cinematic reboot of the franchise a few years ago? I'm not sure where they'd go with a tv version. Would it be Pinhead hosting a series of anthologies, like the Freddy's Nightmares (Nightmare on Elm Street-derived) show from some years back? How would you make a series based on Pinhead?
There was talk about a PG-13 reboot but it never went anywhere. The studio threw out a cheap, quickie sequel (Hellraiser 8? Hellraiser 9?) just to maintain the rights but it was so bad the guy who played Pinhead in every movie wouldn't even come back.