This news just came in via a e-newsletter, so might as well just quickly pop in and post this before heading hitting the sack.

Screendaily
Hollywood Reporter
Mania.com

Summary: 6 companies from different countries collaborate to produce a BGC movie based on the BGC OVA (I think the 2040 version would be cooler though) on just a $30 million budget.

Don't really know what to say. $30 million ain't a lot and I'm skeptical on what they can pull off even with CG technology. Dragonball Evolution had a budget of $100 million to play with and had the use of CG technology at its disposal as well (admittedly they had a fail director at the helm and the DBZ franchise ain't much of a story vehicle).

Maybe if Michael Bay or J.J. Abrams are at the director's helm, the movie could be cinema-worthy. :P

Bubblegum Crisis was my first anime and as such, it hold a very special place in my heart. I was incredibly excited at the idea of an animated movie all these years later but the thought of live action makes my stomach sink. I can't imagine this going well and it makes me sad to think of that much money being wasted so close and yet so far from where it should be spent.