Nintendo has announced its foray into a live-action adaptation of the famed Legend of Zelda series, marking the culmination of years of speculation and recent rumors. The news was disclosed through an official statement to Nintendo investors, offering scarce details about the forthcoming movie.

The production will be helmed by Shigeru Miyamoto from Nintendo and Avi Arad, the former Marvel Studios CEO and current Arad Productions chairman, recognized for his successful works such as Spider-Man franchise films, including "Into the Spider-Verse," and the upcoming movies like "Kraven the Hunter" and "Borderlands."

Under the direction of Wes Ball, known for "The Maze Runner," the film will be a joint venture between Sony Pictures Entertainment and Nintendo. Derek Connolly, famous for "Jurassic World," is crafting the screenplay, as indicated by Deadline Hollywood. Although the press release denotes the project's infancy, Miyamoto hinted in a tweet that it has been in the works for several years.

The initial buzz earlier suggested a possible Zelda film, possibly linked with Universal or Illumination, but the recent confirmation brings Sony on board. Unlike the animated Mario movie, this adaptation of Zelda is live-action. Speculation arises concerning the casting choices, especially for characters like Link and Zelda, who traditionally possess a mystique, much like the video game versions.

While the precise storyline for the film remains undisclosed, possibilities of exploring the narrative from the critically acclaimed "Breath of the Wild" game have surfaced, creating expectations for a potential sequel. This initiative, long speculated by devoted fans, is seen as a manifestation of aspirations for a live-action Zelda movie, adding anticipation for the reveal of further details by Nintendo.