While King’s book was set in the Fifties, the film loses little in its updating to 1989 and indeed employs a cinematically sublime specificity of time and place – A Nightmare on Elm Street 5: The Dream Child is on the local bijou’s marquee – in the seemingly bucolic but small Maine township of Derry.
Best of all, Pennywise is every bit as threatening here, a supernatural pall whose paint-faced circus visage superficially shields a monster.The specificity of the movie's era (" A Nightmare on Elm Street 5: The Dream Child " is playing at the local theater during the August scenes) and location (Derry is fictional, but widely based on King's real-life stomping ground of Bangor, ME) only adds to the vividness of its plot, and it is a testament to the screenplay that the alterations made from the author's text (like updating the time period from the late-1950s to the late-'80s) are never needless, used to benefit the telling of this particular version of the story.