Previous reports suggested that Legendary was working to get the rights for a Pokemon Movie and it looks like they did manage to strike a deal with The Pokemon Company. That means we should be seeing a live action movie of Pokemon in the future.
However, if you are expecting to see Pikachu going on another exciting adventure with Ash and friends, you will be disappointed. According to The Hollywood Reporter, the live action movie will not focus on the anime but will focus on the Nintendo 3DS game, Detective Pikachu.
There is not a lot of details on what the movie will be about but it is believed that the filming will start in 2017. With Pokemon being so popular right now thanks to Pokemon Go, there is no doubt that Legendary wants to take advantage of that by releasing a movie.