Remake of Stephen King's IT Moves To New Line
Posted by Joseph Lee on 05.21.2014
Still under the Warner Bros umbrella...
Pennywise has found a new home. According to The Hollywood Reporter, the remake of Stephen King's IT has moved from Warner Bros. to New Line Cinema. WB has been working on a new version for the last five years. In 2012, they hired Cary Fukunaga (True Detective) to direct two films produced by Roy Lee, Dan Lin, Seth Grahame-Smith and David Katzenberg.
New Line is currently preparing to move from West Hollywood to Warners' Burbank lot in June. The studio is being set up to handle all of Warners' horror projects, going back to its roots. It used to be called "The House that Freddy Built" after the success of the Nightmare on Elm Street series put it on the map. Horror, which focuses more on scares and less on slashers, is making a comeback at the studio after the huge success of The Conjuring.
IT follows a group of children called The Losers Club who managed to defeat a supernatural creature called IT (which regularly uses the guise of Pennywise the Dancing Clown). However, they didn't kill It and years later they have to return to their hometown to finish the job, even though they don't have any memory of the previous events. The first movie will focus on the children's story and the second will focus on the adults.
The film will be overseen by the New Line's Walter Hamada and Dave Neustadter, with Warners vp of production Niija Kuykendall.