According to The Tracking Board, 20th Century Fox and Chernin Entertainment (Spy, Oblivion, Dawn Of The Planet Of The Apes) have commenced development on a currently untitled film based on the popular Capcom video game franchise, Mega Man. The Tracking Board reports that Peter Chernin will act as producer for the film while Mike Ireland and Ryan Horrigan oversee the project on Fox's behalf. As virtually no other information is known at this time, whether the film will be animated or live-action is yet to be revealed, along with any other names attached to the project.

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Known as Rockman in Japan, Mega Man first launched on the Nintendo Entertainment System (NES) in 1987 and went on to spawn a dizzying amount of sequels, re-releases and collections across several platforms. The most recent title for the franchise, the Mega Man Legacy Collection, was released digitally on August 25 for PlayStation 4, Xbox One and Windows (via Steam). It's planned to be released for the Nintendo 3DS in early 2016.

As far as an upcoming movie is concerned, video game adaptations in film don't necessarily have the best track record, but for the sake of a positive outcome with Mega Man, keep in mind that there are enjoyable hits amid the bevy of disastrous misses. Some fan-favorites based on video games include Mortal Kombat (1995), Silent Hill (2006), Resident Evil (2002) and Prince of Persia: The Sands of Time (2010). Of course, one could certainly argue the fact that none of those films did well with critics. Here's hoping the little blue robot fares well on the big screen.