Apparently Lionsgate is looking for Michael Gracey to direct the film:
http://www.imdb.com/name/nm1243905/
Link:
http://variety.com/2015/film/news/lionsgate-naruto-movie-micahel-gracey-1201554281/
Nintendo is selling their IPs to Microsoft and this is true because:
http://gamrconnect.vgchartz.com/thread.php?id=221391&page=1