The streaming service has ordered 10 episodes for the series, which is set in the future and features a group of bounty hunters trying to escape their pasts. Shinichiro Watanabe, who directed the original series, will be a consultant on the project.
"Cowboy Bebop" will join the Netflix club with another live-action remake - an "Avatar: The Last Airbender" series.
Executive producers include Andre Nemec, Josh Appelbaum, Jeff Pinkner, and Scott Rosenberg of Midnight Radio; Yasuo Miyakawa, Masayuki Ozaki, and Shin Sasaki of Sunrise Inc.; and Marty Adelstein and Becky Clements of Tomorrow Studios, Tetsu Fujimura, and Matthew Weinberg.