Continuing a recent flurry of interest in re-adapting the works of Stephen King, thus keeping him too busy to write any more Entertainment Weekly columns about alt-country, Warner Bros. has hired Jane Eyre's Cary Fukunaga to direct and co-write the new version of It that's been rumored since at least 2009. Fukunaga will attempt to clear the admittedly waist-high bar of the 1990's It miniseries, bringing a far bigger, more expensive scope to the story of an evil entity manifested as a scary clown who preys on the deepest fears of a group of ostracized children, whose only weapons of defense—as with so many evil entities—are slingshots and group sex.
Much like those forthcoming adaptations of The Stand and The Dark Tower, the studio is planning on spreading It across two movies, with one film presumably covering the protagonists' battle with Pennywise as kids and the sequel picking up with them as adults. (Or maybe one movie covering the whole story, and the sequel being 90 minutes of Tim Curry reading the paper, occasionally pausing to glare at a silent telephone.) And so, It has officially been pulled down to float in the in-development murk alongside all those other promised Stephen King adaptations like Carrie, Firestarter, Eyes Of The Dragon, Under The Dome, 11/12/63, and Pet Sematary. They ALL float down here.