Just because Watchmen the movie wasn't an overwhelming success, doesn't mean that the property can't work on another format.
Back in June, Variety reported that Damon Lindelof, the man behind shows like Lost and The Leftovers, was trying to adapt Alan Moore and Dave Gibbons masterpiece into an HBO miniseries. However, fans then became confused when Lindelof announced that he "havent had any meetings with HBO about Watchmen."
Earlier today Lindelof basically confirmed that he was working on a Watchmen miniseries. He posted a picture showing the statue that the character Nite Owleventually gets a hold of.