One of Stephen King's classic creations is finally heading to the silver screen. According to The Hollywood Reporter, Warner Bros. will be bringing the Stephen King novel It to the big screen.

The studio has hired Dave Kajganich (The Invasion, Pet Sematary new remake) to write the script based off King's novel. The novel was previously adapted for a 1990 mini-series, Stephen King's It. The story follows a group of miscreants called The Losers Club who come into contact with a creature called It, who takes form in a clown called Pennywise. Years later, as adults, the group are brought together when the creature returns, even though they can't remember the original incident.

No production schedule was given for the new film, but it was said that the remake would be set in the present day.