Courtesy of our very own Protodude:
Disney started to shelve many of Fox's films after the buyout incurred big losses following some major flops from the studio, Megaman was thought to be one of them, but not so. It's unclear whether Disney or another studio has picked up the film but that's likely to be confirmed at another date.
From the financial report:
"The Company has been producing world-leading content, with brands such as Street Fighter and Resident Evil being made into Hollywood movies, now followed by Monster Hunter and Mega Man, which are also scheduled for live-action film adaptation."