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The Academy of Motion Picture Arts and Sciences and the New York University Orphan Film Symposium will present this year’s installment of “The Real Indies: A Close Look At Orphan Films,” a two-day screening series on Friday, October 31, and Saturday, November 1, at the Academy Theater in New York City.

The series serves as an opportunity to re-discover and re-appreciate orphan films – rarely seen, previously neglected cinematic works deserving preservation and revival. This eclectic showcase will open on Friday at 7:30 p.m. with the New York premiere of the newly restored 35mm print of the cult horror-comedy classic Spider Baby, written and directed by Jack Hill. Filmmaker William Lustig, known for his low-budget indie horror films, will introduce Hill and Spider Baby, as well moderate a conversation with Hill afterwards.

Filmed in 1964 but not released theatrically until 1968, Spider Baby marked director Hill’s solo debut. Cheekily subtitled “The Maddest Story Ever Told,...