Lionsgate and Avi Arad have come into talks about creating a LIVE ACTION NARUTO FILM! Now before we just assume it'll be horrible lets think this through. Look...As someone who loved this series, I can sympathize with weeaboos, and other people desperate to see this film, but to be honest I can't possibly see this going well.
Dragonball Evolution is what echos in the minds of readers alike when they hear about a manga getting the Hollywood treatment.
This is could be a response to Attack on Titan (Shingeki No Kyojin) having its own film. The people who see the dollar signs look around, and notice the best revenue to "beat out" anyone is by targeting an international audience by going with an American distributor/production company.
While the AToT movie has come out and said there will be clear deviations from the manga, with the emphasis of the film being with Armin, Mikasa and Eren. Its interesting to see how they would make a Naruto here in the states. Back in America, Warner Bros is adapting Tite Kubo's Bleach, for a while now. While Lionsgate is optioning Naruto, I wouldn't be surprised if maybe Disney will make the play for Naruto, because Warners owns Bleach.
I've looked into Michael Gracey, who is the proposed director of the upcoming Naruto film, and he is fairly unknown, but well known within his field, which is a pleasant surprise. It just takes one good pair of eyes to revolutionize a genre, and if movies about Captain America work, Naruto in theory should as well.
Manga has successfully translated into movies, for instance, the Rurouni Kenshin films were spectacular. They created a trilogy because the films were actually good! Some would argue that the Death Note and Parasyte films were very good as well. I'll be looking forward to seeing how they go with this, Naruto right now is riding its senior year high. I think I have the audacity to say Naruto might be bigger than Dragonball, just because Dragonball ended over ten years ago. With its resurgence and Naruto's end, who knows though, but we all know each Mangaka sees no one better than the other.
Either way I'll be the first person in line in Manhattan to see Naruto-dattebayo!