According to Deadline the studio Lionsgate has obtained the rights to produce a live action film based on the Rabbids. The Rabbids were first introduced back in 2006 as a spin off to the Rayman franchise but have become their own big property that has even crossed over with the Mario series back in 2017 with the release of Mario + Rabbids: Kingdom Battle. Deadline reports that the studio will have Todd Lieberman and David Hoberman to produce the film, the movie will be a hybrid of live action and CGI elements and will presumably have the Rabbids invading the real world while a group of people will try to stop them.

Source: Deadline

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