The pickup marks the company's first television acquisition and was made by Lauren Whitney, Spyglass' president of television. In addition, Spyglass has set a multi-year first look deal with Bender to develop future projects for Spyglass, overseen by Whitney.
“The Institute” will be the latest in the numerous string of King novels that have received a television or film adaption. Film and TV creators have worked with King's material for decades and some of cinema's most beloved movies, including “The Shining” and “The Shawshank Redemption,” were based on King novels or novellas.
Although there's no shortage of film and TV adaptions of King's work, the last few years have been particularly kind to fans of the celebrated horror novelist. 2017's “It” received stellar reviews and became the highest-grossing horror film of all time, and the sequel “It Chapter Two” just hit theaters last week.