King's It--A 2 Part Film Helmed By Fukunaga

"Sin Nombre" director Cary Fukunaga is in line to take on the newest adaptation of author Stephen King's novel It reports Heat Vision.

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.