Stephen King's It to Be Two Films; Director and Writer Confirmed

There have been significant developments in Warner Bros' adaptation of the classic Stephen King novel "It." According to reports the movie, which will be released in two parts, has recruited a director and writer for the script.

Cary Fukunaga, who worked on 2011's Jane Eyre, will direct the new project, and will also co-write the script with Chase Palmer. Palmer is famous for previously working with Paramount on adapting Frank Herbert's Dune. Fukunaga has also previously won the directing award at the Sundance Film Festival for his drama Sin Nombre.

Producers for the new movie are Roy Lee and Dan Lin, as well as Seth Grahame-Smith and David Katzenberg of KatzSmith Production.

"It" is one of horror writer Stephen King's most famous novels and has stood the test of time – it was first published in 1986 but remains one of King's most popular. In the book a group of children – the Losers Club – encounter a creature called "It." The creature preys on children and takes the form of clown Pennywise – which has become an iconic image in the horror movie genre.

The novel was previously turned into a mini series by ABC in 1990. However, Warner Bros bought the rights to the story in 2009. It was originally planned to turn the novel into a single movie, but as plans have developed a two-part plan has now come into play.