From [URL-http://www.variety.com/article/VR1118060175]Variety.com today[/url]:

Hyphenates Andy and Lana Wachowski are venturing into TV for the first time, pacting with Georgeville Television for a series now being shopped to a range of outlets.

Concept for the hourlong skein dubbed "Sense8" is a closely guarded secret. The Wachowskis have been developing the idea for some time together with "Babylon 5" creator J. Michael Straczynski, who will serve as showrunner. The Wachowskis are expected to direct at least some episodes of the show, which is looking to land a multi-episode order.