Is This a Sketch of the New Pennywise the Clown in Stephen King's IT Film Adaptation?

Stephen King's It is a favorite of mine, and I really hope that Mama director Andres Muschetti has what it takes to give fans the perfect film adaptation. He's currently developing the film, and he recently released a sketch he drew of Pennywise the Clown, who is being played by Bill Skarsgård in the film. I have no idea if this sketch is based on the clown design being used in the film, but if it is, it's creepy as hell and I can get behind that terrifying clown design.

The epic horror...

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