Paramount and CD Projekt Red develop live-action Cyberpunk 2077 film, joining Street Fighter slate
Summary
Paramount Pictures is developing a live-action Cyberpunk 2077 film.
CD Projekt Red co-produces with Transformers producer Lorenzo di Bonaventura.
CDPR co-CEO Michał Nowakowski confirmed the deal on X.
The project arrives as CDPR develops The Witcher 4 and a Cyberpunk 2077 sequel.
01
Deal terms remain undisclosed as co-production begins
Deadline first reported Paramount's live-action Cyberpunk 2077 adaptation.
CD Projekt Red co-produces alongside Lorenzo di Bonaventura, known for Transformers and G.I. Joe.
Nowakowski confirmed the partnership on X and deferred specifics to a later date.
No budget, release date or creative leads have been disclosed.
"We're excited about Paramount as a future partner who shares our creative ambitions for the Cyberpunk franchise."
02
CDPR's AAA pipeline leaves a multi-year gap for Cyberpunk 2077
Cyberpunk 2077 has sold over 40 million copies, CDPR's top-performing title.
CDPR already produces Netflix's Cyberpunk: Edgerunners anime, with season 2 premiering this month.
The Witcher 4 team expanded to 513 developers over summer, with no release date set.
CDPR's Boston studio is simultaneously building a Cyberpunk 2077 sequel.
Transmedia projects let CDPR monetize Night City while both AAA titles remain years out.
03
Screen adaptations already reactivate back-catalog revenue
Capcom's Resident Evil player engagement rose 50% around the film's release, per analysts.
Amazon's Fallout season 2 became the sixth most-watched series of all time.
Concurrent Fallout players on Steam more than doubled after the show's premiere.
These precedents show film and TV tie-ins can reactivate dormant game revenue.
04
Paramount folds Cyberpunk 2077 into a broader transmedia slate
Cyberpunk 2077 joins Paramount's slate with Street Fighter and Call of Duty, due 2028.
Paramount completed a $111 billion acquisition of Warner Bros. Discovery this week.
Paramount Games Studio and WB Games merged under the combined Skydance entity.
Skydance president Andy Gordon framed games and consumer products as core transmedia pillars.
"We want to meet consumers where they watch, play, and engage."
What this means
For Publishers & Developers: Pitch screen rights for dormant back-catalog IP to the newly merged studio's expanding adaptation slate.
For Investors & VC: Add transmedia licensing upside to valuation models for single-IP studios with long AAA gaps.
For UA & Marketing: Schedule back-catalog discounts and re-engagement creative around adaptation trailer and premiere windows.
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