Stephen King's It Is Now the Highest-Grossing Horror Film, Ever

It is set to become the highest grossing horror film -- ever. According to Deadline, the Stephen King adaption will officially earn the title this Thursday when it surpasses 1973’s The Exorcist $232.9 million lifetime domestic gross.

As it currently stands, It is hovering around $228 million right now, with today's numbers yet to be reported. Even more impressive is the fact that the film is already nearing $400 million worldwide on a mere $35 million production budget. It marks the second win for New Line this summer, as the studio's other recent horror release Annabelle: Creation has just crossed $100 million stateside, and it already nearing $300 million worldwide.

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It has also been confirmed to be the the highest grossing title ever in the Labor Day-to-November timeframe. The film is expected to beat Gravity's $274 million haul, which currently holds the title of October's highest-grossing title stateside.

Although New Line has yet to officially announce the It sequel, with reports suggesting the studio could be looking to split the final film, it's no surprise that a script is already in the works for part two. It was announced earlier this month that Gary Dauberman, who co-wrote the first film, will return to write the sequel with director Andrés Muschietti expected to return behind the camera.

In theaters now, It is a production of New Line Cinema directed by Andrés Muschietti and starring Bill Skarsgård, Jaeden Lieberher, Jeremy Ray Taylor, Sophia Lillis, Finn Wolfhard, Wyatt Oleff, Jack Dylan Grazer and Chosen Jacobs.

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