Get ready to float again! Warner Bros. and HBO have officially confirmed IT Chapter 3: Welcome to Derry, a chilling continuation of Stephen King’s terrifying universe. Set as a prequel to the blockbuster films IT (2017) and IT Chapter Two (2019), this third installment will dive deep into the sinister origins of Pennywise and the cursed town of Derry, Maine. Fans can expect a return to the eerie tone and heart-pounding scares that defined the first two films while expanding on the mythology that has haunted audiences for decades.
Release Date & Format
Welcome to Derry is slated for release in October 2025, perfectly timed for the Halloween horror season. Unlike the previous films, which were theatrical releases, this chapter will debut as a limited series on HBO Max, with a potential later theatrical release depending on fan response.
Production & Budget
With production already underway in Toronto and Vancouver, Welcome to Derry is reportedly working with a budget of $85 million, marking it as one of the most expensive horror TV productions to date. The budget reflects the high production values, elaborate set designs, and expected VFX required to bring Pennywise’s twisted world to life.
Creative Team & Cast
Andy Muschietti, who directed the first two films, returns as executive producer alongside Barbara Muschietti and Jason Fuchs. Fuchs also serves as a writer. The casting remains under wraps, but rumors suggest a mix of fresh faces and possibly a return of Bill Skarsgård as Pennywise—though that has yet to be confirmed.
Trailer Success
The first teaser trailer dropped in early April 2025 and has already racked up over 45 million views in its first week, trending across social media platforms and reigniting the hype among horror fans. The chilling visuals and ominous tone have been widely praised.
Why It Matters
With Welcome to Derry, Warner Bros. is expanding the IT universe into long-form storytelling, potentially paving the way for an entire franchise. The origin of Pennywise, the town’s dark past, and new layers of fear are set to unfold in what promises to be a must-watch horror event of 2025.
