According to the official website, a live action stage play of Tiger & Bunny
was announced. Ozaki Masayuki, the producer of Sunrise, said he was aware that fans are fed up with unwanted live action adaptations, but he will take a great care not to ruin the impression of the original anime.
Tiger & Bunny The Live official website
Ozaki said the play will be full of visual effects and actions.
Source: Ozaki's twitter account