Spielberg is instead turning the 'Locke and Key' comic book franchise into a TV Series (not a Movie) to be distributed by Fox Studios, more from the NY Mag:
"First released in 2008, Locke & Key revolves around three kids who end up watching over a secret, spooky New England mansion filled with mystical doors that transport them to different worlds and give them special powers (like turning into a ghost). Dimension had purchased the TV and film rights to the IDW Publishing series back in 2008, not long after the first installment came out (several installments have followed, including one released earlier this month)."
Kurtzman and Orci have been signed on to be the writing duo attached to this spooky franchise.
Could be sugar, could be salt? Just like every other Franchise Sand Box these two get to play in!
Josh Friedman has also been thrown in the Writer mix!
One important fun fact here is that the creator of 'Locke and Key' is in fact Joe Hill who is in fact Stephen King's son. So, if it's true that talent skips a generation then Joe could end up being a flop or a success, depending on your point of view.