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I hope you're right, Bev, or they may end up dragging it out like The Hobbit films...

Besides what Bev posted, I also see that filming is scheduled to start in June, and that it may be a trilogy.

‘It’ Clown Pennywise Will Terrorize New York This June!

The feature film adaptation...

I kind of hope they don't. IT wouldn't be the same if the monsters were Freddy Krueger, Jason, Chuckie, or Leatherface! :P