Traditional horror does seem to be having a hard time. It's only dead in that the current companies that could create them thinks that they could be using their money more effectively elsewhere. I will say that the genre will likely cycle back.
If the Occulus Rift ever actually gets implemented, we should see a resurgence for that alone. Can you imagine a 3-D world of horror? Muahahaha!
If the Occulus Rift ever actually gets implemented, we should see a resurgence for that alone. Can you imagine a 3-D world of horror? Muahahaha!