The reboot of Stephen King's It has moved from Warner Bros. Pictures to its New Line Cinema division, following in the footsteps of New Line's other iconic franchise, the Nightmare on Elm Street series.
According to The Hollywood Reporter, the upcoming horror reboot will move to New Line so that "the siblings are drawing clearer distinctions about the types of movies they make," referencing the difference in genres that the respective studios will house, in light of Warner Bros.' merge with New Line in 2008.
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