It and It Chapter Two producer Roy Lee is developing a horror film based on the sculpture by artist Keisuke Aiso which inspired the “Momo challenge” urban legend, EW has confirmed.

Earlier this year, media around the globe picked up the story of the Momo Challenge, which centered on a mysterious figure represented by a goggle-eyed character, who was allegedly encouraging children to harm themselves. This supposed threat was discovered to be a hoax, which utilized Aiso’s sculpture, itself based on a supernatural creature found in Japanese and Chinese folklore.