Cary Fukunaga is out of "It."
The "Sin Nombre" and
Based on King's lengthy horror novel, "It" was to span a pair of movies about misfit teens who come together to vanquish an evil creature one summer and then have to resume the battle as adults when the creature reawakens.
The production had been slated to start shooting in the coming weeks, but it is now unclear whether New Line will try to find a replacement immediately or hit the pause button and devise a new approach to the project.
According to trade reports, Fukunaga and New Line clashed over budgets and the director's desire to make two movies rather than one. The first film was reportedly greenlit at $30 million, with the second to have a higher budget.
"It" had been a passion project for Fukunaga, a longtime fan of the book who boarded the film in 2012, when it was set up at New Line's parent company,
Fukunaga's other upcoming projects include an untitled father-son drama for A24 and a TV series based on Caleb Carr's novel "The Alienist."