The Babadook is not based on a real story. It's a fictional creation for the horror genre.
The Babadook isn't real. It's just a figment of the imagination used to build a creepy and thrilling horror narrative. There's no factual basis behind it.
No, the Babadook is purely fictional. It was made up to scare and entertain audiences in the world of horror films. The story and the character are products of the filmmakers' imagination.