I think we need to explore the misguided concept that John Carpenter is enough of a hot-shot director to have his name included in the titles of his silly movies. We don't even get "Martin Scorsese's Goodfellas" or "Steven Spielberg's Schindler's List," for heaven's sake. Those guys are brilliant; you try making "Schindler's List." Carpenter, on the other hand, is repeatedly cited as being a Master of Horror, but I can't think of a type of film that sports more supposed "masters" than that particular genre.
Stephen King, Wes Craven, Dean Koontz, George Romero, Clive Barker -- the list gets longer all the time. I can't even remember the name of the guy who wrote "Scream," but you can bet your ass I know he's a Visionary, with the capital "v" conveniently forced into our heads by studio marketing departments. Evidently, all you have to do to be received into the Knighthood is participate in more than one high-grossing film that features somebody getting nailed in the face or neck with a sharp object.