“It” director Andy Muschietti is attached to develop a movie version of H.G. Wells’ “The Time Machine” with Leonardo DiCaprio’s Appian Way producing along with Warner Bros. and Paramount Pictures.

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Muschietti will direct the feature project, and produce along with his sister Barbara Muschietti. DiCaprio is producing with partner Jennifer Davisson.

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Wells published the original “Time Machine” in 1895 with the unnamed Time Traveller using a machine to stop in A.D. 802,701, where he finds that society has devolved into an elite of Eloi and the downtrodden Morlocks, then travels 30 million years ahead to find the Earth dying before returning to Victorian times.

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Arnold Leibovit is executive producing. He was an exec producer of the 2002 movie version that starred Guy Pearce. The first film version was directed by George Pal in 1960.