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Capcom and Sony have partnered up to create and release a Full-Length CG movie based on the Resident Evil franchise. The film, entitled “BIOHAZARD: Degeneration” (and almost assuredly will be called “Resident Evil: Degeneration” should it come stateside) will be an entirely Computer-Generated entry into the Resident Evil franchise that will introduce us all to a brand new storyline.

While no details of the story have been revealed, Capcom has stated that the production should be ready for release sometime in 2008. Huzzah!

Full Press Release after the break.

　CAPCOM Co., Ltd. (Osaka, Japan — representative director and president: Haruhiro Tsujimoto; hereinafter “CAPCOM”) and Sony Pictures Entertainment Japan Co., Ltd. (Tokyo Japan — representative director and president: Ken Munekata; hereinafter “SPEJ”) have announced coproduction of “BIOHAZARD: Degeneration,” the first full-length CG animation feature based upon the BIOHAZARD series of games and movies.

　BIOHAZARD, began as a hit international video game franchise created by CAPCOM, then made its debut on the silver screen as the live-action film RESIDENT EVIL (the international film title for BIOHAZARD), distributed worldwide by Sony Pictures Entertainment. RESIDENT EVIL is the first trilogy of live-action movies to have come from a video game franchise. CAPCOM and Sony Picture’s Japanese subsidiary SPEJ have teamed up to give birth to a CG-animated BIOHAZARD with groundbreaking visual effects and a brand-new story line.

　Since its initial release in 1996, the BIOHAZARD series of games has established the “survival horror” genre and has shipped over a 33 million units worldwide, continuing to captivate its fans as a powerful property. CAPCOM will continue to release new games within the franchise, such as “BIOHAZARD: Umbrella Chronicles” and “BIOHAZARD 5″

　The films “RESIDENT EVIL” and “RESIDENT EVIL 2: APOCALYPSE” have each grossed more than US$ 100 million at the Box Office internationally. “RESIDENT EVIL 3″ aka “BIOHAZARD 3″ (debuting throughout Japan on November 3) has been the biggest hit of the series in the US to date, adding to the high performance and public support for this franchise.

The full CG animation feature “BIOHAZARD: Degeneration” is currently in production, with plans for a terrifying release in 2008.

Capcom, Sony Pictures, Resident Evil