Some news today about the IT reboot.

From Variety:

New Line’s feature adaptation of Stephen King’s “It” has lost its director.

Cary Fukunaga has dropped out of the project as director, sources confirmed on Monday. The “True Detective” director exited the project this weekend.

“It” was set to be split up into two films, and sources say New Line was considering making only one movie due to budget concerns. Fukunaga, however, was adamant about making two pics. They could not agree on a budget, causing Fukunaga to clash with the studio.

Production was originally set to move forward this summer, but is now stalled.

Bad news.  Then this from King himself:

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