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Nintendo and Sony are collaborating to produce a live-action movie based on the popular video game 'The Legend of Zelda'. The movie is being developed by Nintendo and will be produced by Avi Arad. Shigeru Miyamoto, a key figure at Nintendo, is involved in the project. The announcement has caused a 6% increase in Nintendo's shares. There is excitement and speculation about the casting, with Hunter Schafer expressing interest in playing the character Zelda. However, concerns have been raised about the challenges of adapting the beloved game into a successful movie, with some expressing skepticism and highlighting potential red flags. The project is seen as a significant move for Nintendo as it expands into the entertainment industry.