IGN Reports: Nintendo is finally making a live-action Legend of Zelda movie, after years of hopes and months of rumors.

The news was shared today in an official post to Nintendo investors, with few details. The film is being produced by Nintendo's Shigeru Miyamoto and Avi Arad, chairman of Arad Productions and former founder and CEO of Marvel Studios.

Arad has been credited as a producer on numerous successful films over the years, most recently including Spider-Man: Across the Spider-Verse, Into the Spider-Verse, No Way Home, Far From Home, and Homecoming. He's also worked on upcoming films including Kraven the Hunter and the Borderlands movie.

The Maze Runner director Wes Ball is set to direct, and Sony Pictures Entertainment will handle theatrical distribution in addition to co-financing the movie with Nintendo. Deadline Hollywood, meanwhile, reports that Jurassic World writer Derek Connolly is writing the script.

Though the press release indicates that development is just beginning, in a tweet/X post today Miyamoto indicated that the project has been in the works in some form for "many years now."

Earlier this year, rumors abounded that a live-action Legend of Zelda movie was in the works, but the word on the Hyrule street was that Universal was involved, or perhaps Illumination, rather than Sony.

The rumors were fueled by the Tears of the Kingdom developers themselves, who expressed that they were "interested" in making a Zelda movie after the success of The Super Mario Bros. Movie earlier this year. However, as Eiji Aonuma said at the time, "it's not just me being interested in something that makes things happen, unfortunately." A Netflix series was reportedly canceled after leaking on the internet.