The film itself was a fairly loose remake of 1933's Mystery of the Wax Museum (which is, ironically, most significant for being a last: it was the final major studio feature shot in 2-color Technicolor), which means basically that the opening sequence, climax, and narrative hook are all the same, but the mix of characters is completely different.
“House of Wax” is a remake of the 1933 thriller “Mystery of the Wax Museum,” and it’s one of the rare remakes that improves on the original.
A remake of Mystery of the Wax Museum (1933), the superior House of Wax stars Vincent Price as the master sculptor and owner of a wax museum in turn-of-the-century New York.
The abovementioned chillers hit DVD in conjunction with 1963's The Haunting and Andre De Toth's remake of Michael Curtiz's Mystery of the Wax Museum, House of Wax, a 3-D ("Natural Vision") production presented in 2-D for home viewing to surprisingly undiminished effectiveness.
However, “House of Wax” tells a compelling story as a remake of the 1933 classic “Mystery of the Wax Museum.”
Because we’re intimately aware of Jarrod’s cadaver-fueled waxadermic activities, de Toth doesn’t generate much suspense from his scenario (based on 1933’s Mystery of the Wax Museum).