Indie producer Ed Pressman and Japanese game company Capcom have joined forces to produce a movie version of the videogame “Streetfighter 2.”

Pressman has also pacted with Andy Vajna’s Cinergi for the production of a movie version of “Judge Dredd,” which is likely to be distributed by Disney. Pressman owns the rights to the comic strip, which is especially popular in the United Kingdom.

The $ 20 million-plus “Streetfighter” pic will be a live-action version of the world’s most popular videogame, which, according to Pressman, is set to overtake the $ 500 million gross achieved by “Super Mario Brothers.”

“Streetfighter 2″ features 10 martial arts specialists who battle all manner of enemies. The film version, to be produced in association with Galaxy, will be written and directed by Steven de Souza, writer of “48 HRS.”

De Souza has devised a storyline for the otherwise plotless game. No cast has been set, but Pressman indicated here this week that he was looking to the new generation of martial arts stars rather than established names.

Pressman promised the film would have lots of action but no violence. The filmmakers will aim for a PG-13 rating.

Capcom is the third-largest videogame company in the world, after Nintendo and Sega, both of which distribute “Streetfighter 2″ under license. Pressman indicated that Capcom will put up more than half the budget of the “Streetfighter” movie, which is expected to be delivered next summer.

“Streetfighter 3″ is in the pipeline, and Pressman predicted that the new generation of high-capacity videogames will lead to other movie spinoffs.

More than 40 products are already associated with the “Streetfighter 2″ videogame, but Pressman said further merchandising deals are lined up for the movie.

The “Streetfighter” film follows on the heels of Hollywood Pictures’ planned May 28 release of “Super Mario Brothers,” based on the hit videogame.

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