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Producer Andrew Lazar for Mad Chance (Space Cowboys, Jonah Hex) has told iFMagazine at Comic-Con International that while the writers for the Live Action Akira are working on a draf script it's not likely we will see the movie any time soon.
"It is a real priority project for Warner Brothers." he said "Sometimes movies need an enormouse amount of prep, like this one. It is not realistic to go before the third quarter of next year for a 2011 release."
This doesn't mean that the project has been given the green light for production yet either.

There is 'a lot of interest from a variety of people' for possible directors as indicated from Lazar. Lazar also emphasized that he is a 'very inclusive producer of underlying rights' and that the original manga creator Katsushiro Otomo is an executive producer and consultant on the proposed live-action project.

Manga.com (US Site) is reporting that there might not be an end all to end all for the Live Action adaptation of Katsuhiro Otomo's Akira.

According to Manga.com Joseph Gordon-Levitt, the star of 500 Days of Summer, said "You never know" when asked if the project was truly dead. Though this is far from a confirmation it may be just the flicker of hope that most fans were looking for. Besides it's a lot better than his comments last year which did not even acknowledge any connection to the project.

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