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Cary Fukunaga is out as the director of New Line’s two-part adaptation of Stephen King‘s “It,” which will not move forward as planned this summer and has been pushed indefinitely, multiple individuals familiar with the situation have told TheWrap.

Stephen-King-s-IT-horror-movies-30765071-800-600I looks like “True Detective” director Fukunaga clashed over creative differences with New Line. That, in combination with Poltergeist’s poor reception, budget disputes, and the move from Warner Bros. to New Line has effectively rendered the project dead in the water.

Unfortunate as production was to start in less than a month. No word from New Line if a new director will be hired, if the will go back to the drawing board, or if the project is dead. However, according to an insider the project is dead until further notice.

What are your thoughts? Do you feel IT Needed a remake? According to Fukunaga, he was planning a two movie deal that dealt with the main characters as children and then another as adults.

Is this a good or bad turn of events in your opinion?

We’ll keep you posted if the situation changes.

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