REPORT: Legendary Pictures Nearing Deal for 'Pokemon' Movie Rights

Following the success of "Pokemon GO's" launch -- which resulted in a 25% stock price jump for Nintendo -- a new report indicates that Legendary Pictures is inching closer towards a deal for the "Pokemon" movie rights.

According to Deadline, a deal has yet to be closed with Legendary, but things are close. The studio has been courting the property for months now, and was recently in a bidding war with Warner Bros. Pictures over "Pokemon."

Last we heard it was looking like the new "Pokemon" movie would be a live-action take on the franchise. "Pokemon" right holders Pokemon Co. have reportedly been shopping around the idea for a "big-budget live-action" version of the property.

In the last report, it was noted that tensions could arise between China and Japan over Legendary's "Pokemon" acquisition. THR noted, "[The "Pokemon" acquisition] could pose a potential problem considering Legendary's ownership by the Chinese real estate and investment conglomerate Wanda. There have been long simmering political tensions between Beijing and Tokyo, which most recently peaked with Japan’s criticism of China’s territorial ambitions in the South China Sea. Those pressures have also led to a cultural strain between the two countries in which China effectively banned Japanese films for three years, which was only broken recently."

No release date or further plans have been revealed for the next "Pokemon" film.

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