This is not to be mistaken with the Milla Jovovich films.
The film will be called Resident Evil: Vendetta. Resident Evil: Vendetta will be out Spring 2017 in Japan.
Announced at the Tokyo Game Show, Resident Evil: Vendetta (Biohazard: Vendetta in Japan) will be executive produced by Takashi Shimizu (Japanese modern filmmaker known for making The Grudge.) Vendetta will be directed by Takanori Tsujimoto, and produced by Hiroyuki Kobayashi.
The movie will be full CG. It claims to have an original storyline, but, according to Kobayashi, will be like Resident Evil 1: so it’s a bit unclear as to how original it will be. No word on international release so far.