It's a busy time in Hollywood for Stephen King adaptations as The Hollywood Reporter brings word that Warner Bros. is moving forward with an adaptation of his 1986 novel, IT. Cary Fukunaga (Jane Eyre) is now attached to direct with a plan to split IT into two feature-length releases.

Previously adapted as a television miniseries in 1990, King's official site describes IT as follows:

A promise made twenty-eight years ago calls seven adults to reunite in Derry, Maine, where as teenagers they battled an evil creature that preyed on the city's children. Unsure that their Losers Club had vanquished the creature all those years ago, the seven had vowed to return to Derry if IT should ever reappear. Now, children are being murdered again and their repressed memories of that summer return as they prepare to do battle with the monster lurking in Derry's sewers once more.

Fukunaga himself will also attend to scripting duties alongside Chase Palmer with David Katzenberg, Roy Lee, Dan Lin and Seth Grahame-Smith producing.

IT joins other in-development King adaptations of The Stand, The Dark Tower (both also eyed as multi-part epics), Carrie and, just announced this week, The Ten O'Clock People. His recent novel, Under the Dome is also headed to television, planned to air as a Showtime series with Steven Spielberg executive producing.