PFG Entertainment (via Shock) have announced that Straub's 1980 dark fantasy novel, Shadowland, is gearing up for production with Natalie Dormer and Bill Nighy set to star. Director Erik Canuel will be calling the shots on set; the film's brief appearance on PFG's site does not mention who has penned the screenplay. As for what Shadowland is about, here's the Amazon product description:
"First setting: an all-male prep school in Arizona, where two sensitive freshmen form a bond based on their interest in magic tricks. Second setting: the labyrinthine house of a weird magician uncle in New England, where the two boys spend a memorable summer being trained in the art of illusion. Or is it real magic? Third setting: an alternate world where dark forces are at play--forces that first show up at the school, but intensify their power the summer."
Sounds like a good time to me. My only major concern at this point is the fact that PFG are calling the film Shadowland 3D. I know 3D is the latest craze, but it's also Hollywood's craze. I'm sure the extra dimension attracts investors, but I highly doubt it's going to attract horror fans. Hopefully I'm wrong about that.