You may want to tone down your excitement for the Zelda TV series that Netflix was reported to be working on last month. Nintendo president Satoru Iwata tells Time that The Wall Street Journal's story that first reported the partnership was "not based on correct information." On the surface, that makes it sound like Iwata is denying the report, but it's also quite possible that he's just being cagey. Iwata doesn't actually say that Nintendo isn't working with Netflix — just that some amount of information was incorrect. "As of now, I have nothing new to share with you in regard to the use of our IPs for any TV shows or films," he says.
What does that mean for Zelda on Netflix? The show was described as being in its "early stages" in the first place, so even if it really is in development, it's still likely a ways off. Compound that with Nintendo's hesitance to let others borrow its characters, and it's quite possible that it'll be some time before we hear more about any potential show.