Thunder Road Picture is the studio that put out the Clash of the Titans
Joe the Barbarian is set in the mind of a boy who is having some very real world problems, and the movie will need a very skilled director to portray the subtlety and nuance of this series. In addition, Grant Morrison is not writing the screenplay, which is strike two against this project.
Strike three is that this comic book mini-series is getting picked up for a film adaptation before its completion. I suspect that even though the movie rights have been picked up, it may be a long, long time before we ever see it in theatres. If we ever do.

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