A live-action Cowboy Bebop series is in development at Netflix. Based on the seminal late 1990s anime by Sunrise, Netflix's Cowboy Bebop is being co-produced with Tomorrow Studios - who are also producing a live-action One Piece adaptation.
B"ased on the worldwide phenomenon from Sunrise Inc., Cowboy Bebop is the jazz-inspired, genre-bending story of Spike Spiegel, Jet Black, Faye Valentine and Radical Ed: a rag-tag crew of bounty hunters on the run from their pasts as they hunt down the solar system’s most dangerous criminals," reads Netflix's description of the show. "They’ll even save the world…for the right price."
Here is a teaser released by Netflix:
Christopher Yost is writing the first episode of the 10-part first season, with Andre Nemec, Josh Appelbaum, Jeff Pinkner, and Scott Rosenberg acting as showrunners/executive producers. Cowboy Bebop anime director Shinichiro Watanabe is on-board as a consultant.