<Tr> <Th> Budget </Th> <Td> $35 million </Td> </Tr> <Tr> <Th> Box office </Th> <Td> $700.4 million </Td> </Tr> <P> It (also known as It: Chapter One) is a 2017 American supernatural horror film directed by Andy Muschietti, based on the 1986 novel of the same name by Stephen King . The screenplay is by Chase Palmer, Cary Fukunaga and Gary Dauberman . The film is set in the summer of 1989 and tells the story of seven children in Derry, Maine, who are terrorized by the eponymous being, only to face their own personal demons in the process . The novel was previously adapted into a 1990 miniseries . </P> <P> The film stars Jaeden Lieberher and Bill Skarsgård as Bill Denbrough and Pennywise the Dancing Clown, respectively, with Sophia Lillis, Jeremy Ray Taylor, Finn Wolfhard, Wyatt Oleff, Chosen Jacobs, Jack Dylan Grazer, Nicholas Hamilton, and Jackson Robert Scott in supporting roles . Principal photography began in the Riverdale neighborhood of Toronto on June 27, 2016, and ended on September 21, 2016 . Other Ontario locations included Port Hope and Oshawa . </P>

When did the 2017 it movie take place