The 65-year-old Otomo previously directed the 1988 anime feature of Akira, based on his legendary manga of the same name.
There was a Japanese animated film based on Akira back in 1988, directed by Otomo.
The Akira movie production team is expected to spend upwards of $92 million in the state of California.
According to The Hollywood Reporter, Akira creator Katsuhiro Otomo announced at Anime Expo that he is set to direct a new Akira sequel anime series to be produced by Bandai Namco’s Sunrise!