"Dracula" was a planned gothic-style horror movie based off the 1897 Bram Stoker novel of the same name, which would've been directed by British film director Ken Russell, a filmmaker best known for making movies that were more often than not flamboyant and controversial.
Columbia Pictures most likely didn't want to compete with Universal Pictures, who announced their own version of Dracula, a film adaptation of the 1977 revival of the 1927 Broadway play by Hamilton Deane and John L. Balderston.
