First Cary Fukunaga quit directing a new adaptation of Stephen King’s It, then sources told Bloody Disgusting that the film had reverted back to Warners from New Line, and that the project was back on, minus Fukunaga.
Turns out that those sources were misinformed, and It is NOT back on at all, and there are no future plans for the film at this point.
A Warners rep contacted BD to explain:
“It will remain at New Line Cinema with no firm determination on location or shooting schedule”
So yeah, bummer, right?