A big screen adaptation of Stephen King's IT has been in development for five years. During that time the project was set up at Warner Bros. Now THR is reporting that the production has been moved to New Line Cinema, which is another division of the studio. Apparently, it's rare for something like this to happen.
New Line is looking to go back to their roots with horror. It was once known as the "House that Freddy Built" because of the success of the Nightmare on Elm Street franchise. The report says that horror is now having "a resurgence at the company -- the emphasis is less slashery and more thrills and chills -- as evidenced by last year's hit The Conjuring."
IT is one of my favorite novels from King, and I also enjoyed the '90s TV movie with Tim Curry. I want to see a great film adaptation made. In 2012 the studio hired Cary Fukunaga to direct two films that will tell the full, detailed story. I really hope that New Line moves forward with that plan. This story needs at least two movies. Fukunaga is just coming off HBO's True Detective. He's a very talented director, and I'm excited to see what his vision for IT will be.
Here's a description of the story from the book. If you haven't read it, you definitely should!
A promise made twenty-eight years ago calls seven adults to reunite in Derry, Maine, where as teenagers they battled an evil creature that preyed on the city's children. Unsure that their Losers Club had vanquished the creature all those years ago, the seven had vowed to return to Derry if IT should ever reappear. Now, children are being murdered again and their repressed memories of that summer return as they prepare to do battle with the monster lurking in Derry's sewers once more.