Stephen King’s IT had only three weeks left before production was to begin, and now it’s possible that the film(s) may not be moving forward at all. According to THR, Cary Fukanaga (True Detective) left the project after a disagreement with the studio.
IT was originally planned to be two movies, but New Line Cinema reportedly wanted to squeeze everything into one film to save on cost. Fukanago, who also wrote the script, did not agree with the direction and decided to leave the project.
Stephen King suggested on Twitter that the film may not be moving forward at all:
The remake of IT may be dead–or undead–but we'll always have Tim Curry. He's still floating down in the sewers of Derry.
— Stephen King (@StephenKing) May 25, 2015
Update:
Reports now show that the film has been “shelved indefinitely”.