According to The Hollywood Reporter, yes:
Cartoon Network is expanding its footprint in the film world.
The Turner-owned net has inked a deal with producer Don Murphy (Transformers) to develop a live-action adventure film based on Captain Planet, the world’s first animated environment-saving hero created by the company's founder and environmental activist Ted Turner. Murphy's partner Susan Montford and their company Angry Filmworks are also attached.
“The messages of Captain Planet are even more relevant today,” said Stuart Snyder, president of Turner Broadcasting System Inc.’s Animation, Young Adults and Kids Media division. “We feel this team can bring the world’s first eco-hero to life in a powerful motion picture that is not only pertinent but entertaining.”
