It looks like that just might be the case. There's no director yet, but Akiva Goldsman has signed on to adapt Doctor Sleep (the sequel Stephen King wrote for The Shining). I always keep my fingers crossed for an upcoming sequel, but I never get my hopes up too high. Rarely does this sort of thing pan out. I don't think the film version of The Shining needs a sequel and I don't understand why movie makers can't just leave the classics alone. Oh wait, money. That's why. My fault. Carry on.
Stephen King’s Doctor Sleep Heading to the Movies - denofgeek.us