The early 90s mini-series ‘It’ probably caused an entire generation of young children to become coulrophobic after its premiere, but the famous clown is coming back in a big way thanks to a new film-adaptation that will begin production in 2015 if everything goes according to plan.

It was reported this week that Cary Fukunaga, most recently beloved from his directorial work on HBO’s first season of ‘True Detectives,’ will be sitting in the director’s chair once again on ‘It’. The original story of course comes from famed horror-writer Stephen King, who brought most of the psychological nightmares involving stalking clowns to children back in 1990.

“The idea is to start official prep in March for a summer shoot,” producer Dan Lin told Vulture. “Cary likes to develop things for a while, and we’ve been with this for about three or four years, so we’re super excited that he stayed with it.” Hollywood will also be milking this franchise for all that’s it worth, breaking the novel into two parts. Lin stated the reasoning behind dividing the novel into two separate films by saying, “The book is so epic that we couldn’t tell it all in one movie and service the characters with enough depth.”

As of right now Fukunaga is set to direct the first film, but has not confirmed that he will be directing the second. Negotiations are still underway to make that a reality. King is definitely on board with the adaptation according to Lin, “…Stephen King gave us his blessing,” Lin said in the announcement, “ …when we sent him the script, the response that Cary got back was, ‘Go with God, please! This is the version the studio should make.’ So that was really gratifying.”

Production details, casting and other news will be released at a later date from the studio.