Maybe not by that name, but certainly something very, very similar.
It is going to be directed by Guillermo del Toro (Hellboy, Pan's Labyrinth and others) and currently called Dark Universe.
It would feature many of the JL Dark characters as well as some from the the DC/Vertigo Books of Magic series. Currently we are set to see both Zatara and Zatanna.
Now remember talk is cheap and no where is that more true than in Hollywood. I am not sure if this will see the light of day or not, but here's to hope!
And here are some links. They are all pretty similar.