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The Wrap reports that New Line has dropped the ball on Cary Fukunaga's film version of Stephen King's "It," which the busy director intended as a two-part horror epic. Originally set up at Warner Bros. before shuttled to New Line, and slated for production in June, the project has been shelved indefinitely. "Fukunaga repeatedly clashed with the studio," writes Jeff Sneider, "and did not want to compromise his artistic vision in the wake of budget cuts that were recently demanded by New Line, which greenlit the first film at $30 million." Fukunaga took a gamble casting young "Maze Runner" breakout Will Poulter as Pennywise, the demonic clown that haunts a group of seven outcast friends. Fukunaga reportedly considered older actors like stage thesp Mark Rylance and "Bloodline" star Ben Mendelsohn for the part, but was knocked over by Poulter's audition. Rather than follow in the footsteps of the 1990 miniseries version of King's. »


- Ryan Lattanzio

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