Two huge names in horror are reworking Stephen King‘s The Tommyknockers, with James Wan and IT producer Roy Lee producing a new adaptation of King’s 1987 novel. Wan *could* end up directing the film, which now has a home at Universal.

THR reports this weekend that Universal has acquired the feature film package, the studio winning a bidding battle that included Netflix and setting a 2020 date for the film.

The Tommyknockers was previously turned into a mini-series back in 1993.

Wan and Lee, who will produce via their respective banners Atomic Monster and Vertigo, have teamed up with Larry Sanitsky, the veteran producer who executive produced the Tommyknockers’ 1993 television miniseries adaptation.

“The story tells of a town in Maine that falls under the influence of a dangerous gas from an unearthed spacecraft. The gas begins to transform the people, giving them enhanced abilities, but also making them violent and subject to an alien hive mentality. One man, thanks to a steel plate in his head, is immune to the effects and tries to stop the townspeople.”