Sonar is co-developing with Eric Gardner's Panacea Ent. "Hellraiser," a TV series based on the cult British horror franchise. Gardner will exec produce along with Larry Kuppin, whose company New World Entertainment is behind the first two "Hellraiser" films.
http://www.dreadcentral.com/news/54242/new-hellraiser-tv-series-worksSynopsis
One of the most successful (and terrifying) franchises in film history is ready for its weekly television debut.
For over 25 years, fans have followed the exploits of an insidious villain named Pinhead, summoned from a nightmarish underworld by an ancient puzzle box. He will seduce you with power and tempt you with fear, until your soul belongs to him.
Now, for the first time, a weekly series set in the fantastic realm of Hellraiser will thrill audiences worldwide.
via Variety
A weekly horror series? I guess they are looking to be the American Horror Story on cable but for Hellraiser...
There is a film remake thread in 2012:
'Hellraiser' (2012) remake aiming for PG-13 crowd
I can't find it on imdb now though to see the release date.