The story follows a group of teen outcasts (called 'The Losers Club') in 1958 who encounter 'It', a shapeshifting creature that feeds on children and whose favorite form a sadistic clown called Pennywise. And then In 1985 the creature resurfaces. The kids, who're now adults, must take on the demon of their childhood again - this time in a different form.
Fukunaga and co-writer Chase Palmer have abandoned the single film idea and will instead envision the adaptation as a two film piece.
The new version will take place in contemporary times.
Dan Lin, Roy Lee, David Katzenberg, and Seth Grahame-Smith are producing.
It isn't clear when production may begin
The book was previously adapted as a solid 1990 2 part TV mini-series with John Ritter, Harry Anderson, and Tim Curry ('The Rocky Horror Picture Show') as Pennywise that was directed by Tommy Lee Wallace.
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