Director Cary Fukanaga, known for his work on "True Detective," has dropped out of New Line's remake of "It" over budgetary concerns and creative differences, according to The Hollywood Reporter.
Split into two films, the adaptation tells the tale of a group of misfit children who come together one summer to confront the mysterious, shape-shifting monster (Will Poulter) that’s plagued their town, most frequently in the form of a clown. Fukunaga, who joined the project at the end of last year, wrote a screenplay for the film with Chase Palmer.
"It" was adapted in 1990 as a television miniseries, starring Tim Curry as Pennywise. However, it wasn’t until 2009 that Warner Bros. began its push to bring the decades-spanning, 900-page novel to the big screen. Earlier reports confirmed Fukunaga’s first film would focus on the protagonists as children and the second on them as adults, though it's unclear how his departure will affect the story.
The production of "It" has been put on hold indefinitely.