Reeves revealed that this outline for the flick is currently focusing on the origins of the fictional “Bebop” drug developed by the military, which provides its users with a brief surge of superhuman reflexes and awareness. “We’re taking the Red Eye [story], the beginning part of the series,” he explained, “and then we’ll deal with the end of the series. We’re trying to figure out [the time frame]. We’re looking at the story right now.”
Since the beloved 26-episode show (as well as the feature film) didn’t necessarily maintain a linear style of storytelling, Reeves said that somewhere between the Red Eye origins and the “Bebop” conclusion, they’ll be picking out various highlights for their own use.
“Yeah, it’s so episodic and so disconnected. We’re trying to figure out what pieces to put together to tell one story,” he explained. “Because it’s such a short form, to make a 2 hour version [will be tough]. And it’s got so much of an origin-story obligation; you’ve got to get people up to speed, but you don’t want to do much of that. There are a lot of things to take into consideration, but we think we can do something good.”

"Again Keanu Reaves?... Sorry, I just don't like him for some reason.. always the same emotionless actor, he just doesn't do anything for me and it'll probably make the movie less enjoyable for me."Same here.
" I have to admit I have mixed feelings about this. I love Cowboy Bebop. I have stated that I wished there were more episodes. You can sort of say that I could be getting my wish.
It seems that Keanu Reeves is involved with a Cowboy Bebop movie. It's his hopes to play Spike Spiegel. The movie is in the hands of producer Erwin Stoff who has worked on a bunch of Keanu movies already. He and Keanu are putting together an outline for 20th Century Fox.
Keanu recently spoke to MTV about the project.
Reeves revealed that this outline for the flick is currently focusing on the origins of the fictional “Bebop” drug developed by the military, which provides its users with a brief surge of superhuman reflexes and awareness. “We’re taking the Red Eye [story], the beginning part of the series,” he explained, “and then we’ll deal with the end of the series. We’re trying to figure out [the time frame]. We’re looking at the story right now.”
Since the beloved 26-episode show (as well as the feature film) didn’t necessarily maintain a linear style of storytelling, Reeves said that somewhere between the Red Eye origins and the “Bebop” conclusion, they’ll be picking out various highlights for their own use.
“Yeah, it’s so episodic and so disconnected. We’re trying to figure out what pieces to put together to tell one story,” he explained. “Because it’s such a short form, to make a 2 hour version [will be tough]. And it’s got so much of an origin-story obligation; you’ve got to get people up to speed, but you don’t want to do much of that. There are a lot of things to take into consideration, but we think we can do something good.”
I know there are those that aren't too crazy about Keanu's acting style. I'm not against him as an actor but if Cowboy Bebop is made into a live action movie, I want it done correctly. Keanu does the star power that could lead the studio into giving a bigger budget. Still, I'm a little afraid.
Could Keanu make a good Spike? More importantly, who will they get to play Faye. That's what I want to know!"

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on Dec. 17, 2008