<P> It premiered in Los Angeles on September 5, 2017, and was theatrically released in the United States on September 8, 2017 . Upon release, the film set numerous box office records and grossed $700 million worldwide . Unadjusted for inflation, it is the highest - grossing horror film and the fourth highest - grossing R - rated film (after the Deadpool films and The Matrix Reloaded), as well as the most profitable horror film . It received positive reviews, with critics praising the performances, direction, cinematography and musical score, with many calling it one of the best Stephen King adaptations . </P> <P> A sequel, It: Chapter Two, is scheduled to be released on September 6, 2019 . </P> <P> In October 1988, Bill Denbrough gives his seven - year - old brother, Georgie, a paper sailboat . Georgie sails the boat along the rainy streets of small town Derry, and is disappointed when it falls down a storm drain . As he attempts to retrieve it, Georgie sees a clown in the sewer, who introduces himself as Pennywise the Dancing Clown . The clown entices Georgie to come closer, then severs his arm and drags him into the sewer . </P> <P> The following summer, Bill and his friends--Richie Tozier, Eddie Kaspbrak, and Stan Uris--run afoul of older bully Henry Bowers and his gang . Bill, still haunted by Georgie's disappearance and the resulting neglect from his grief - stricken parents, discovers that his brother's body may have washed up in a marshy wasteland called the Barrens . He recruits his friends to investigate, believing his brother may still be alive . Ben Hanscom learns that the town has been plagued by unexplained tragedies and child disappearances for centuries . He is targeted by Bowers' gang, after which he flees into the Barrens and meets Bill's group . They find the sneaker of a missing girl, while a member of the pursuing Bowers Gang, Patrick Hockstetter, is killed by Pennywise while searching the sewers for Ben . </P>

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