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Stephen King's 'It' remake moves from Warner Bros. to New Line

Tim Curry in Stephen King's "It" (1990)
Tim Curry in Stephen King's "It" (1990)
Tim Curry in ABC miniseries of Stephen King's "It" (1990)

On May 21, 2014, The Hollywood Reporter announced that the long in the works cinematic adaptation of Stephen King's 'It' has found a new home. Previously in development at Warner Bros. Studios, the movie will now be released through Warner's subsidiary New Line Cinema.

This will reposition New Line as their official horror subdivision. New Line was firmly latched to horror titles in the 80's such as 'Nightmare On Elm Street' series (New Line is oft referred to as the "studio that Freddy built"), 'Alone In The Dark' and many other horror films.

'It' will be directed by Cary Fukunaga, fresh off the acclaimed HBO drama 'True Detective', and produced by Roy Lee, Dan Lin, Seth Grahame-Smith and David Katzenberg. The project has been in development since 2012, so this new announcement appears to be setting the wheels in motion for completion.

'It' was originally written by Stephen King in 1986, and was adapted as a 2-part TV miniseries, which aired on the ABC network in 1990, making it one of the most effective horror adaptations on television (in addition to King's 'Salem's Lot' which aired on NBC in 1979).

'It' is mainly remembered for Tim Curry's creepy role as "Pennywise the Dancing Clown", an ominous character who terrorizes a group of outcast children in the first episode, and as grown adults in the second. Fukunaga plans to do two films to recapture that same format.

Are you excited by an 'It' remake? We've been inundated with so many remakes it's gotten tiresome, but the thought of a talent like Fukunaga being able to exploit King's novel without TV censorship gives it an extra allure.