Pennywise is ready to live again, and one movie just isn't enough for the supernatural killer clown. 

After a number of delays, Stephen King's epic 1986 horror novel "It" is headed to the big screen in a two-part film. 

Cary Fukunaga ("Jane Eyre," "Sin Nombre") will direct and co-write the adaptation with Chase Palmer ("Dune"), according to The Hollywood Reporter.

"It" centers on the fictional town of Derry, Maine, where a group of kids called the Losers Club face down a shape-shitfitng evil entity who often shows up in the form of a deranged circus clown named Pennywise. Years later, the now-adult group return to Derry when Pennywise shows up again.

The book was previously the basis for an ABC miniseries in in 1990 that starred John Ritter, Harry Anderson and Annette O'Toole. Tim Curry played Pennywise.

King's first novel, "Carrie," is currently being remade at MGM, while "The Stand" is being developed at Warner Bros. for director Ben Affleck. Meanwhile, the massive "Dark Tower" adaptation still seems to be slowly moving forward at Warner Bros. as well.