Morbius Movie in the works from Sony

Hollywood reporter is saying that Sony has a Morbius movie in the works, from the writers of Power Rangers , oh that's gonna be good then (sarcastic obviously!)
This doesn't make sense to me out of all the Spider-Man characters that Sony own they choose Morbius , unless they're trying to tap into the whole horror genre. If true not sure if this is a good play !

First app is Amazing Spiderman 101!

Here's the link to the article :