The project, which was originally under Warner Bros. was acquired by Netflix this spring after its rights were expired. Production of the film will cost somewhere in the $40 million to $50 million range and is aims to start filming this summer.
The upcoming film is directed by Adam Wingard (The Guest, You're Next), written by Jeremy Slater (Fantastic Four), and is produced by Roy Lee, Dan Lin, Jason Hoffs and Masi Oka.
[Source: Anime News Network]