Fans of Stephen King and one of his longest novels, "It," will be delighted to hear that the news to remake the film, which was put on hiatus after director Cary Fukunaga dropped out over Memorial Day weekend, has gotten a new director, and the project will be moving forward, according to an article on Variety.

The new director, Andy Muschietti, is currently in talks to helm the project and bring the horrifying clown Pennywise to the big screen to scare a whole new generation of kids and adults alike.

The original King novel, which was a whopping 1,136 pages long, has already been transformed to the small screen back in 1991 on ABC. The series starred Tim Curry in the titular role and the late John Ritter, Annette O'Toole, Tim Reid, Harry Anderson ("Night Court"), Jonathan Brandis and Seth Greene ("Austin Powers").

The story takes place in two different time periods in the fictional town of Derry, Maine. The first time period in 1957 follows seven outcast kids who battle the monstrous clown, which only killed children. They are successful.

But as grownups, the clown comes back, and all seven had made a pact as children to come back to Derry and face it again, should it ever reappear. The story revolves around the ensuing battle as both kids and as adults.

Credits to Muschietti's name include the 2013 surprise hit "Mama." The film starred Jessica Chastain and Nikolaj Coster-Waldau. It grossed $150 million worldwide with only a $15 million budget, making it a huge success.

Seth Grahame-Smith ("Abraham Lincoln: Vampire Hunter") and David Katzenberg are attached to the project as producers through their joint company KatzSmith. Dan Lin and Roy Lee are also attached as producers for the project.

During the Fukunaga days of the project, actor Will Poulter ("We're the Millers") was attached to play the evil clown Pennywise. There has been no word yet whether he remains cast in that role or not.