A new film adaptation of the Sega video game franchise Shinobi is currently in development, directed by Sam Hargrave for Universal Pictures.

The film's plot will focus on Joe Musashi, a modern-day ninja who battles evil, continuing the legacy of the game that first debuted in 1987.

Ken Kobayashi, known for his work on the series Sunny, is writing the screenplay for this adaptation.

Executive producers for the project include Mike Goldberg and Timothy I. Stevenson, with oversight from Universal’s Ryan Jones and Christine Sun.

Joe Musashi has been a flagship character for Sega, alongside other iconic figures like Sonic the Hedgehog.

The film is expected to feature action sequences reminiscent of successful franchises like John Wick, appealing to a broad audience.

Sega has been revitalizing its franchises, with plans for new adaptations of series like Jet Set Radio and Crazy Taxi.

Despite the historical struggles of video game adaptations at the box office, recent trends indicate a shift towards more successful projects.

Sega has highlighted Shinobi as one of its most popular series worldwide, further emphasizing its significance in the gaming landscape.

Universal Pictures aims to replicate the success of its recent video game adaptations, including the blockbuster 'The Super Mario Bros. Movie,' which grossed over $1.4 billion.

Following the success of 'The Super Mario Bros. Movie' and 'Five Nights at Freddy’s,' Universal is optimistic about the potential of the Shinobi film.

In addition to the Shinobi movie, Sega is exploring other adaptations, including a Like a Dragon: Yakuza series on Amazon and a Golden Axe comedy series.