The announcement that Stephen King's "It" remake finally moving forward should come as good news to fans since they have been eagerly waiting for the long-rumored project to see a light of the day.

The movie had a bumpy road to the screen so far. Fukunaga, who co-wrote the script with Chase Palmer, left the "It" remake last May due budgetary concerns.

Fukunaga later clarified that his departure was actually due to creative differences and that he couldn't see eye-to-eye on the budget with New Line.

"They wanted me to make a much more inoffensive, conventional script. But I don't think you can do proper Stephen King and make it inoffensive," he told Variety in September.

Andrés Muschietti (the new director) has kept some elements of Fukunaga's initial version, including its two-movie format.

"It is very close to the source material in one way but very different if you look at it as a literary piece of work. We're taking it and making the movie from the point of view of the kids, and then making another movie from the point of view of the adults, that could potentially then be cut together like the novel," he explained.

"But it's gonna be a really fun way of making this movie."

The first part of "It" will revolve around seven children characters, known as The Losers Club in the '80s. Its second part will take the point of view of them as adults of the present day.

Stephen King's book switches back and forth between both viewpoints. The director's idea was to make both movies cohesive so that they could convincingly be cut together to make one, the genuine adaptation of the novel.