Earlier today, Nintendo updated their official website with the announcement that a live-action adaptation of The Legend of Zelda video game franchise. This announcement is extra surprising as the previous live-action film adaptation of Super Mario Bros. did not turn out so well. That being said Nintendo has proven their merits with the animated Super Mario Bros film from Illumination so there could be a chance this film will turn out alright. The film is set to be directed by Wes Ball and will be produced by Avi Arad’s Arad Productions Inc alongside Shigeru Miyamoto. The film will also be distributed by Sony Pictures Entertainment.
Shigeru Miyamoto had some thoughts about the project on Nintendo of Japan’s official twitter page.
This is Miyamoto. I have been working on the live-action film of The Legend of Zelda for many years now with Avi Arad-san, who has produced many mega hit films. 
— 任天堂株式会社 (@Nintendo) November 7, 2023
Due to the film being in early development no other details are confirmed at this time so stay tuned for updates.