Imagine if we got a Horrorverse in the 90's-early 2000s and we got to see all the horror icons come together.
Leviathan, the god of the Hellraiser world is essentially the Horrorverse’s Thanos. It would be implied that The Cenobites are pretty much the masterminds pulling the strings in every movie.
Freddy solved the Lament Configuration and because of this, he was able to become a Cenobite, eventually he became rogue and became the dream demon we all know and love/dread
The Necronomicon Ex Mortis was written by the god Leviathan, hence why the Deadites exist and Jason was brought back by the book.
One Halloween, Michael solved the puzzle box and the spirit of Samhain possessed Michael, since then he has become the Shape and the Lord Of The Dead.(ironically this was the plot of the cancelled Helloween movie)
Leatherface and his family are the products of those who solved the box and have went slowly insane. and resorted to cannibalism, mutilation and torture to find the pleasure in life
Charles Lee Ray is a worshiper of Leviathan, learned his Vodu magic from the Cenobites and this is why he keeps coming back as Chucky, eventually Tiffany would be back as well.
The goal is for Pinhead to find new Cenobites and an ultimate crossover would end with Freddy, Jason, Michael, Leatherface and Chucky and Tiffany becoming Cenobites and to overthrow Leviathan. But what happens when Leviathan is overthrown. Can Pinhead control them or would they regain control and kill each other and life as we know it?
The heroes of this franchise would be Ash Williams, Jacob Johnson, Tommy Jarvis and Stephanie Kimble, Laurie Strode and Jamie Lloyd, Andy Barclay and Kyle, Kirsty and Tiffany and Sally Hardesty and must stop the monsters that plagued their lives before they destroy all of reality.