Apparently Cary Fukunaga, the director of True Detective's first season and possibly the main creative force behind the film adaptation of IT, is out and the studio has put the film on hold indefinitely. Now of course a director leaving a project is nothing new and it happens all the time, especially when it comes to the budget and the studio wanted to cut the budget for this one and he refused to budge. But here's why they wanted to cut the budget:
They're putting the project on hold because another horror movie featuring a clown didn't fare well at the box office therefore, audiences must not like horror movies about clowns. This is why all the talks about studio execs being insidious and having it out for us and being calculated are clearly overblown. As batman would say, they're a cowardly and superstitious lot.
I mean..what the hell
http://www.thewrap.com/cary-fukunaga-out-as-director-of-stephen-kings-it-at-new-line-exclusive/
Another source indicated that New Line was getting cold feet about the project in the wake of the less-than-stellar opening of “Poltergeist,” which featured a clown in its marketing materials.

They're putting the project on hold because another horror movie featuring a clown didn't fare well at the box office therefore, audiences must not like horror movies about clowns. This is why all the talks about studio execs being insidious and having it out for us and being calculated are clearly overblown. As batman would say, they're a cowardly and superstitious lot.
I mean..what the hell

http://www.thewrap.com/cary-fukunaga-out-as-director-of-stephen-kings-it-at-new-line-exclusive/