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Stephen King’s R-rated ‘It’ to Film This Year?

Just the other week we told you that the adaptation of Stephen King’s It had been awarded a pretty hefty tax break that could help get New Line Cinema’s feature off the ground.

Andy Muschietti, director and producer of Guillermo del Toro’s Mama, is preparing It as two features with plans to shoot this summer.

Collider talked with Roy Lee, the film’s producer, who confirmed plans to shoot later this year:

It will hopefully be shooting later this year. We just got the California tax credit… Gary Doberman wrote the most recent draft working with Andy Muscetti, so it’s being envisioned as two movies.

And with the success of the R-rated Deadpool, it now makes it easier to sell an R-rated It franchise to New Line.

The book took place in 1960 where seven outcast kids known as “The Loser Club” fight an evil demon who poses as a child-killing clown. 30 years later, they are called back to fight the same clown again.

It is very close to the source material in one way but very different if you look at it as a literary piece of work,” Lee added. “We’re taking it and making the movie from the point of view of the kids, and then making another movie from the point of view of the adults, that could potentially then be cut together like the novel. But it’s gonna be a really fun way of making this movie.

Watch for updates as they come in.