Babylon 5 Movie News
Yes, the movie is still happening, here's the latest:
in 2017 we heard that WB is basically no longer interested in making a movie.
Prior to that the news was that the movie is still planned, under the guise of creator Joe Straczynski's StudioJMS.
Originally, we heard that Straczynski was planning to make a movie at SDCC, which fan Jan transcribed and posted on JMSNews