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source: hollywood reporter

Lionsgate is moving forward with their plans for a live-action Naruto movie. The latest development is that Jon and Erich Hoeber, known for Red and Red 2, which grossed a collective $347 million worldwide have been tasked to write the script. 

Michael Gracey is tasked to direct the movie, along with Avi Arad as producer, and Masashi Kishimoto is overseeing the whole thing.