The new movie will be released to coincide with the video game's 20th anniversary in 2008. A report in Variety says that the film will focus on Chun Li and the script is being penned by Justin Marks. Capcom has responded to the reports, refreshingly coming out and saying "It's true! - certainly not the usual "no comment" or "no current plans" answer.

A new Street Fighter has a lot to live up to, with the 1994 live action movie staring Jean-Claude Van Damme and Kylie Minogue still lodged in our nightmares. Here's hoping Van Damme returns as Guile and revives his career.

There's currently no information on cast or a director.