The creator of DC/Vertigo’s Sandman, Neil Gaiman, talked about the possibility of a TV project based on the character on his blog, and the implication seems that they’re not going with Supernatural’s Eric Kripke to make it happen; or at the very least, they’re going to be looking around.
Here’s what Gaiman said:
I saw a bunch of press about whether there is or isn’t a Sandman TV series: as far as I know, nobody has actually optioned SANDMAN as a TV series from DC Comics, who own it. Eric Kripke (of Supernatural fame) pitched his approach to DC and to me last year, and we liked it and we liked him, but it didn’t feel quite right at that point, so we passed.
I think that this year the people at DC Comics (and me) will talk to a lot of people who want to make a Sandman TV series, and if we find the perfect person with the perfect way of treating the material, it’ll happen. And otherwise it won’t.