Variety is reporting that they have learned from sources that a prequel series to the It films, currently titled Welcome To Derry, is in development at HBO Max.

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The series is believed to be set to begin in the 1960s and then lead up to the events of 2017’s It, and it is also said to include the origin story of Pennywise the Clown.

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Andy Muschietti, who directed It and It: Chapter Two, is believed to be attached as executive producer of the series alongside Barbara Muschietti and Jason Fuchs. According to sources, the trio are believed to be developing the story and Fuchs will write the script for the series, and Any Muschietti will at least direct the pilot, if the project gets greenlit.

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The two It films, released in 2017 and 2019, have a combined gross of $1.1 billion at the worldwide box office, so news of Warner Bros. trying to return to that franchise makes sense, though I’m not sure how exploring the origin of Pennywise would work in execution, but we’ve seen in that one scene in the 2017 film that there’s definitely a lot of history that they can work into a potential series.