In an interview with Comic Book Resources, Brian K. Vaughan revealed that time is running out for New Line to begin production on a Y: The Last Man movie before the rights revert back to him and Guerra.
It’s my understanding that the rights to “Y: The Last Man” will revert back to co-creator Pia Guerra and me for the first time in a decade if the planned New Line adaptation doesn’t start shooting in the next few months, so I expect there will be some “Y” news in 2014 either way.
New Line supposedly has the movie on the fast-track to get something started, but hopefully we don't get another Fantastic Four situation -- if you remember, the original FF was made just to maintain rights. Scary huh?
And Remember, we aren't talking this:
We are talking this:
Now a truly terrifying thought (but only slightly).
They even have a screenplay by Vaughan himself to work from.
I finished the screenplay a few months ago. Everybody at New Line seemed to like it. For Hollywood, it’s either really fast or it’s really slow, and it’s really slow right now. I’ve done my job and it’s out to directors now and it could be totally out of my control after this.
Shia LaBeouf was rumored to be behind getting the movie made at one point, but as we know, he's bat-shit crazy, so that's not going to happen. There was also debate on whether or not the movie would be a single stand-alone film, attempting to squeeze the entire sixty issue run into one story, or be broken up into a trilogy. Vaughan created another draft for that version as well, but another writer was brought in to try his hand at a script as well.
By 2009 all that fell apart and all the producers, directors and actors mentioned had lost interest and moved on, especially when Warner Bros. showed no interest in producing it as a trilogy. Since then it has flirted with others in Hollywood, but doesn't seem to be truly moving forward. David Goyer was the last to speak on the movie, saying they had a script and were due to begin shooting next year (it was 2013 when he said this) and that the movie was planned to be a stand alone that could turn into a trilogy with success.