This reboot is slated for a theatrical release in 2021.
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In 2021, provided our own outbreak has subsided, we will see the theatrical release of the Resident Evil film reboot. This new movie is slated to be an origin story that focuses on the events of what looks to be the first two Resident Evil games. It is being directed by Johannes Roberts, who's credits include 47 Meters Down and Strangers: Prey at Night.

This big news on the film wrapping up production was relayed to fans via the official Resident Evil Twitter account.

The Resident Evil film was officially announced back in 2017. Earlier this year, casting was completed. Here is a quick rundown of the actors that are playing the key roles along with a brief synopsis of the film courtesy of IGN.

Set in 1998 “on a fateful night in Raccoon City,” the Resident Evil movie will star Kaya Scodelario (Maze Runner) as Claire Redfield, Hannah John-Kamen (Ant-Man and the Wasp) as Jill Valentine, Robbie Amell (Upload) as Chris Redfield, Tom Hopper (The Umbrella Academy) as Albert Wesker, Avan Jogia (Zombieland: Double Tap) as Leon S. Kennedy, and Neal McDonough (Yellowstone) as William Birkin.
Roberts had initially said that he "really wanted to go back to the original first two games and recreate the terrifying visceral experience (he) had when (he) first played them." He continues on saying that he wanted to tell "a grounded human story about a small dying American town that feels both relatable and relevant to today's audiences."

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The question now is how faithful the movie will be to the first two Resident Evil titles. There is a lot of content to cut and condense from one game into a movie let alone condensing two games into one film. We have seen some on set photos of the Spencer mansion along with outside shots of the Raccoon Police Department building, so every key location seems to be there, save for the obvious Umbrella Labs location that will almost assuredly show up in the film at some point.

This movie is separate from Netflix's Resident Evil: Infinite Darkness series that will tell a "different" story featuring Leon S. Kennedy and Claire Redfield.

Keep in mind too that the next Resident Evil game, Resident Evil (8) Village, will be released in 2021 as well.