It’s called Resident Evil: Vendetta and will be out spring 2017 in Japan.
Announced at the Tokyo Game Show, Resident Evil: Vendetta (Biohazard: Vendetta in Japan) will be executive produced by Takashi Shimizu (who is best known for creating The Grudge), directed by Takanori Tsujimoto, and produced by Hiroyuki Kobayashi.
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The full CG movie will feature an original storyline, but, according to Kobayashi (via Natalie), will be like Resident Evil 1. No word yet on an international release.