Yes, you read that right. So it's technically an old character, possibly the most recognisable Pokemon of the franchise (stand down, Squirtle fans). This new version of Pikachu debuted in a Japanese video game, but now he'll be bringing his sleuthing skills to the wider world.
At least, we assume he'll be sleuthing; the announcement includes literally no details beyond the fact that it'll be a live-action effort (with, presumably the good detective brought to life via CGI), and there is no indication on who might write, direct or star.
Could Pikachu be a Colombo for the Pokemon Go era? And will he be investigating a murder in a Pokemon gymnasium? Legendary intends to have this one shooting next year, to strike while the pop cultural iron remains hot.