Yes, it's true. Warner Bros. have announced their plans to make another film based on "IT," a famous novel by Stephen King. During the late 80's, a straight-to-t.v. movie based on the book was released.
It is now considered to be one of the scariest t.v. movies ever made. The question is this: is it time for this story to be told on the big screen?
I think the problem with certain stephen king books, you need that 4 hours to completely get the story. To fleash out the characters, could a 2-2 1/2 hour version could do the job; perhaps depending on the script. Still the original adaption from the 80s will be my favorite.
Cybersoldier is right, the only thing is, "IT" was already a four movie and still didn't do the novel justice. Imagine it being cut down to 2-21/2 hour.
I am really sceptical that a 2-2 1/2 version would do justice to the novel, I liked the Salem's Lot adaptation though. Wonder if anyone caught that movie?