We don't know how to feel about this news. Tim Curry's Pennywise in the 1990 It miniseries was pure and simple nightmare fuel. But it's a damn shame Pennywise and his penchant for pulling children's arms off through a sewer drain haven't been immortalized on the big screen. Now Warner Bros. is looking to give the evil clown a two-picture deal. That's right, It 1 and It 2!

The Hollywood Reporter reports that Cary Fukunaga (Jane Eyre) has been tapped to direct and will be co-writing the script with Chase Palmer (who was attached to the lost Dune script back in 2010).

We're cautiously optimistic, but we're also curious how much of the original novel will go into this two-parter. Will they keep the scene where all the kids have sex with Beverly? Because that would be weird. Also, did anyone else think Belch was kind of hot in the TV series, but not until he was dead?