A big screen version of Stephen King’s IT has been in development for a few years now, although today brings word from The Hollywood Reporter that the project has found a new home. Originally tied to Warner Brothers, the adaptation will instead by handled by the studio’s New Line division. It’s said that this is set to be the trend going forward for such movies, as New Line will be handling all things horror for Warners.

Back in 2012, TRUE DETECTIVE’s Cary Fukunaga was brought on board to direct, and that appears to still be the case. Fukunago will also be working on the script with Chase Palmer, whilst David Katzenberg, Roy Lee, Dan Lin and Seth Grahame-Smith will be producing. Developed into a clasic miniseries back in 1990, this time IT will be turned into two movies; one focussing on the key characters as children, one focussing on them as adults.

The basic premise of IT centres on a promise made twenty eight years ago by a group of seven adults. After battling an evil beast that tormented children, the group of then youngsters vowed to return to their hometown and do battle once more should the monster reappear. Of course, said creature, oft in the form of Pennywise the clown, returns to torment the children of the modern day, causing the crew to get back together again.

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