I am sure most of you remember the movie "It." Novel written by Stephen King. Looks like they are remaking it.

http://screenrant.com/it-stephen-king-movie-production-start/It’s time to remember again, kids, because the Losers’ Club is officially back in action. Director Andy Muschietti has announced that production on his film adaptation of Stephen King’s It has officially begun.
This new version of It, which was originally adapted in a 1990 TV mini-series starring Tim Curry and the late Jonathan Brandis, had been knocking around for years with several false starts and setbacks that delayed production on the picture. At one point in time, True Detective season 1 director Cary Fukunaga was on board to direct the two-film project, but he and New Line Cinema parted ways over creative differences last year.
Now, Muschietti (known for his 2013 fright fest Mama) has revealed the start of production on Instagram with a picture of his director’s chair bearing the film’s title art and the caption “Day One” along with another image featuring some red balloons floating in his office on set. The red balloons, while innocent on their own, are a pretty creepy sight in the context of this film because they signify the presence of the murderous Pennywise the Clown, who’ll be portrayed by Bill Skarsgård (Hemlock Grove) in the new iteration, and were often used by him to lure unsuspecting children into his lethal underground lair (poor little Georgie).
Even though Fukunaga is no longer part of the production, his vision won’t be completely lost from this retelling because It is still expected to come in as two distinct films. The first will reportedly show the main characters as youths battling against their fears, the town’s bullies, and, of course, Pennywise himself during the height of his child-killing spree, while the second will feature their reluctant reunion as adults to finish what they started together once It returns to Derry, Maine after decades of dormancy.
In addition to Skarsgård, the first film’s cast also boasts Jaeden Liberher (Midnight Special) as the young Bill Denbrough, Sophia Lillis as Beverly Marsh, Wyatt Oleff as Eddie Kaspbrak, Finn Wolfhard as Richie Tozier, Jeremy Ray Taylor as Ben Hanscom, Jack Grazer as Stan Uris, Chosen Jacobs as Mike Hanlon, Owen Teague as Patrick Hockstetter, Nicholas Hamilton as Henry Bowers, and Javier Botet as The Leper.
After so many years spent in limbo, it’s great to see Stephen King’s It finally moving into production, isn’t it? On the other hand, if this thing turns out to be even half as creepy as King’s book and the TV miniseries version, our collective nightmare fodder will get a terrifying boost from watching it for sure. In the spirit of It, though, the fears will be well worth facing.
Stephen King’s It is scheduled to hit U.S. theaters on September 8, 2017.