Looks okay and I like the tribute to the original banned trailer.
The issue I'm having is judging by the way that everything is shot, it seems like it'll embrace all the typical horror movie aesthetics with the suspenseful music , jump scares, etc. What made the original so scary Is that it didn't call attention to the fact that it was a horror movie. It has this very naturalistic, documentary-type feel that immerses you in its world so that when the scary, freaky stuff starts happening, it feels all the more unnatural and terrifying.