Based on a recent interview with actor Tyler James Williams, known for his roles on The Walking Dead and Everybody Hates Chris, he may have confirmed that rumor.
Skip to around the 1:05 mark.
Static Shock was an animated show that premiered in the United States in September of 2000. It ran for four seasons before being cancelled. Static Shock has sort of lived on in cameo appearances in other animated DC Comics shows like Justice League Unlimited, and also had a comic run when DC rebooted its universe with the New 52 series. The comic was cancelled after six issues.
It’s rumored that Reginald Hudlin, who directed House Party and produced Django Unchained, will be involved with the project.