
Much like Pennywise, IT: Welcome to Derry is a strange, curious beast. Both don't quite fit where they're supposed to, transcending time and space in the most unlikely manner. It's true of Pennywise, because he's an interdimensional entity of unfathomable cosmic origin. But it's also true of the show itself.
Welcome to Derry is a prequel that unravels backwards, starting in 1962 before plans to jump further back to 1935 in (the currently unconfirmed) second season and then 1908 in the planned third and final season. But why take us further and further into the past when we already know the outcome?