Mike ripped out Its heart and he and the rest of the Losers crushed it, finally killing It.
However,Pennywise has appeared in other King novels, all of them unrelated to its original novel.
In 2001sDreamcatcher, theres a memorial to honor the victims and graffiti that reads Pennywise Lives.
Theres no canon material for a thirdItmovie, but that doesnt mean this world cant keep expanding.
Source:EW,io9.
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