Apparently, according to four people familiar with the informal talks, Warner Brothers is interested in an Aquaman movie (apart from the recently squashed TV show), though they've denied any involvement. In a bizarre twist of life-imitating-art, uber-agent Ari Emanuel (whom Entourage's Ari Gold is based off of) is at the center of the whole thing. While James Cameron will not be involved, Charlie's Angels director McG is the name currently being tossed around.
While a pilot for the Aquaman TV show was produced by the folks who brought us Smallville, the WB decided not to pick it up. However, the studio subsequently gave the pilot to iTunes where the thing blew up, generating thousands of downloads and forcing some folks in the industry to reconsider Aquaman's further adventures. Which would you rather see: an Aquaman TV show a la Smallville or a big-budgeted feature film? Feel free to answer none of the above. I did.