Pic will shoot next year

CANNES — Hong Kong action director Gordon Chan (“The Medallion,” “Fist of Legend”) is to direct an English-language, live-action adaptation of best-selling videogame “King of Fighters.” Pic will lense in Asia in first quarter of 2008.

Pic will be jointly financed by Japanese production and rights management group Micott & Basara and Australian-U.S. sales agent Arclight/Easternlight.

Concept is owned by SNK Playmore group and been released as 30 arcade, computer and home console games since franchise was launched 21 years ago. Screenplay is being written by “Fearless” scripter Chris Chow.

Production is by Axis Entertainment’s Joseph Chou (currently producing upcoming “Appleseed: Ex Machina”) and Tim Kwok of L.A.-based Convergence Entertainment (“Wicked City”.)

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