The story is described as being set a long time ago in a distant fairy tale countryside and focuses on a young girl who leads her little brother into a dark wood in desperate search of food and work, only to stumble upon a nexus of terrifying evil.

Orion is prepping a fall shoot in Ireland.

Brian Kavanaugh-Jones (Sinister, Upgrade) and Fred Berger (La La Land, Autopsy of Jane Doe), partners at Automatik Entertainment, will produce. Sandra Yee Ling will executive produce. Dan Kagan will oversee the project on behalf of Orion.

Lillis achieved breakout status for her vulnerable performance as abused preteen Beverly Marsh in New Line’s It, which took in $700.3 million worldwide to become the highest-grossing horror movie of all time. She also co-starred as a young Amy Adams on Sharp Objects, HBO’s prestige murder-mystery miniseries.

Lillis will next reprise her Beverly Marsh role in It: Chapter Two and also star as the classic teen detective Nancy Drew in Nancy Drew and the Hidden Staircase. She is repped by Abrams Artists, Untitled Entertainment and attorney Ryan LeVine.

Perkins is repped by CAA, Grandview and Lichter, Grossman, while Hayes is repped by CAA, The Agency and Grandview.