Up-and-coming actor Bill Skarsgard will play the lead role in It, New Line Cinema’s Andy Muschietti-directed adaptation of the Stephen King bestseller about neighborhood pals who are haunted by the murderous clown Pennywise. Barbara Muschietti, Roy Lee and Dan Lin are producing along with David Katzenberg and Seth Grahame-Smith.

It’s a step up for Skarsgard, who has been knocking on the door in series like Hemlock Grove and the Divergent sequels. He’s the son of actor Stellan Skarsgard.