Is there a new it movie coming out soon?

There is no officially announced new "IT" movie in the works as of my last update. However, it's important to note:

* The success of the 2017 and 2019 films has definitely left the door open for more installments.

* Author Stephen King is still writing and has expressed interest in revisiting the "IT" story.

* The rights to the book are likely still held by Warner Bros.

So, while there is no concrete news, it is certainly a possibility. Keep your eyes peeled for updates from Warner Bros. and Stephen King's official channels!