We reported back in November that Zac Efron was circling Akira, although it seems a deal was never made. Albert Hughes and Allen Hughes (a.k.a. The Hughes Brothers) will direct from a script by Albert Torres.
"Neo-Tokyo has risen from the ashes of World War III to become a dark and dangerous megalopolis infested with gangs and terrorists. The government seethes with corruption and only maintains a token control over the powerful military that prevents total chaos and hides the secrets of the past. Childhood friends Tetsuo and Kaneda plunge into Neo-Tokyo's darkest secret when their motorcycle gang encounters a military operation to retrieve an escaped experimental subject. Tetsuo, captured by the military, is subjected to experiments that make him a powerful psychic, but, unfortunately for Neo-Tokyo, Tetsuo's powers rage out of control and he lashes out at the world that has oppressed him! Nothing can stop the destructive forces that Tetsuo wields except possibly the last boy to destroy Tokyo."
James Franco has been mentioned for numerous project over the past few months, including Oz: The Great and Powerful, The Adderall Diaries, The Iceman, and Lovelace, to name just a few. No production schedule was released for Akira.