Credit: Everett Collection

The film adaptation of Stephen King’s It could begin shooting later this year, according to producer Roy Lee.

“It will hopefully be shooting later this year. We just got the California tax credit,” he told Collider during a recent interview. Lee also confirmed that the original script from Cary Fukunaga and Chase Palmer was rewritten by Gary Doberman and the new director, Andy Muschietti.

“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,” Lee continued. “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. But it’s gonna be a really fun way of making this movie.”

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Fukunaga of True Detective and Beasts of No Nation, was once set to direct the two-part film remake with the then 22-year-old Will Poulter as the evil clown Pennywise. The filmmaker previously opened up to EW about his departure, saying, “Ultimately, we and New Line have to agree on the kind of movie we want to make, and we just wanted to make different movies. It’s like a relationship: you can try to make the other person who you want them to be, but it’s impossible really to change. You just have to work.”

King’s novel was previously made into a 1990 miniseries, with Tim Curry playing Pennywise. According to Lee, the team for It, which is looking to have an R rating, is closing in on a final draft and making it work with their budget.