Here is my reaction to this.

Ugh.....Totally not looking forward to this if this is actually true. Live action movies for video games most of the time end up bad. Even worst, I am not sure I want to see Pokemon being done live action. I pretty much like them to stay in their cartoon and video game world. Pokemon GO is as close as I want to see them in the real world.

Also, I can already anticipate the 'discussion" of how it would totally suck if Ash was the protagonist of the movie and how it should be about Red. Meanwhile those saying that will completely ignore the fact that it would dumb if your hero is name after a color and that Ash actually has more mainstream recognition due to him being in the anime.

Sigh....Lets hope for the best and keep expectations low.