The Hollywood Reporter:

Neil Gaiman's beloved Vertigo comic Sandman is finally coming to the screen.

More than three years after New Line's failed attempt to turn the graphic novel into a feature film, Netflix has signed what sources describe as a massive financial deal with Warner Bros. Television to adapt the best-seller into a live-action TV series. Sources familiar with the pact note it is the most expensive TV series that DC Entertainment has ever done. 

Allan Heinberg (Wonder Woman, ABC's The Catch, Grey's Anatomy) is set to write and serve as showrunner on the straight-to-series drama. Gaiman, who created the ongoing monthly comic, will executive produce alongside David Goyer. Gaiman and Goyer were both attached to New Line's most recent attempts to adapt Sandman for the big screen. 

Wow. Very cool news! I'm amazed this isn't heading to WarnerMedia’s unnamed streaming service.