The Hollywood Reporter:

The Japanese superhero Ultraman is getting the reboot treatment outside its country of origin.

U.S. transmedia producer Starlight Runner Entertainment has been tapped by Tokyo-based Tsuburaya Productions to build out the Ultraman mythology for the digital age outside of Japan, to include a possible live action streaming TV series. The original live action Ultra Q and Ultraman series that launched in 1966 featured a high-tech police force and their silver superhero Ultraman battling to save the Earth from invading aliens and giant monsters.

Not sure if this will turn out OK…