Looks like they will be starting things up (after a few years of preplanning) this coming summer, 2015. They could have done a lot worse than get the director of "True Detective" direct this [possibly two-part] movie, so that's a positive thing. Still I don't know much about the other people involved.
King's movie sensibilities, though, are not quite his writing sensibilities as history has proven, so his endorsement on an adaptation doesn't necessarily mean much.It's no secret that Cary Fukunaga is adapting Stephen King's IT for the big screen. According to Vulture, the film is moving nicely along, and Fukunaga even plans to begin shooting next summer.
Dan Lin, the film's producer, told Vulture, “The idea is to start official prep in March for a summer shoot. 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. You guys are gonna be really excited.”
And before you cringe about another King adaptation, even the prolific author himself approves of the Fukunaga treatment:
“The most important thing is that Stephen King gave us his blessing,” Lin said. “We didn’t want to make this unless he felt it was the right way to go, and 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.”
Fukunaga Will Film Stephen King's IT Next Summer