The Hollywood Reporter is saying that
The Flash is also still being developed for the big screen, with an eye to a 2016 release, and that Greg Berlanti is attached to direct and co-write:
For his part, Berlanti is also developing a Flash movie for Warner Bros. and DC Entertainment, with sources telling THR that the feature is being eyed for 2016. Berlanti will direct and pen the screenplay alongside Chris Brancato, Michael Green, Johns and Guggenheim. Pedowitz also noted that there is no conflict between the movie studio or DC when it comes to the TV series and feature film as previous efforts have proven troublesome when there's such an overlap.
Could this finally mean an end to the embargo?
I never saw a point to it, and I think it's done more harm than good. It was the one thing that held
Smallville back more than anything else.
Arrow has got off to such an amazing start, but I've been worried the embargo will eventually cause problems for that show as well.
Television might be the ideal place for the DCU. If the Flash series pans out and is a success, I would expect more.
I don't know what it is, but it's been my observation that DC works so much better in an episodic environment. Take the AU for example, while several of the films have been fairly good, non have reached the excellence of the series.
Though to be honest, while a Flash series is great news, I expected Diana to be the next place they looked. With that last failed attempt, I thought they might be close enough that WB might try to bring in some other people, rework things a little, and give it another go on their own network.
In any case, it will be interesting to see what direction they take the show. I would be really surprised if they try to make it as "serious" as
Arrow. Flash's RG is about as "goofy" (for lack of a better term) as you can get. A "dark and edgy" Mirror Master, Trickster, and Weather Wizard might come off as absurdly silly to most.