"When he was running production at Warner Bros., Lorenzo di Bonaventura tried to make the Sandman spinoff Death and the High Cost of Living, the comicbook mini-series Books of Magic, and Sandman. 'I've had a lot of failure with Neil [Gaiman],' Di Bonaventura admits. 'Neil's tricky to fit in a box. That's why he has a global following. They love his idiosyncracies. He has this eccentricity and love of unbounded creativity. But his work doesnt follow a common structure and characterization. It's really hard. It makes the marketing harder.' - July 19, 2007 - Variety [link] 
"The Hollywood Reporter has reported that Swedish directors Simon Sandquist and Joel Bergvall
have been signed to direct Books of Magic, which is being adapted from the DC Comics' series for
a feature film. Neil Gaiman, who wrote the comic series and novel, has been named the
Excecutive Producer. - May 17, 2004, ICv2 News
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Word that things are still in the works is really starting to fade at this point. 
