According to Variety, Steven Paul's Crystal Sky has teamed with Sony's Screen Gems on pic adaptation of the vidgame Tekken, with plans to put the film into production in late fall with a budget of $50 million.
The project is one of two that Crystal Sky picked up in turnaround at Dimension Films. The shingle also regained control of the Marvel Comics title "Werewolf By Night," which Paul will produce with Marvel topper Avi Arad.
Sony will distribute Tekken in North America, Latin America and Australia. Crystal Sky and Gaga originally set up "Tekken" with Dimension during last year's Cannes Film Festival.
Tekken is based on the videogame licensed from manufacturer Namco. Storyline centers on two childhood friends who enter a worldwide martial arts tournament. As they progress, the pals move toward uncovering a secret that lies within the mysterious Tekken Corp.
Longtime Tekken player Charles Stone ("Mr. 3000") will direct. He's rewriting a script by Michael Colleary and Mike Werb ("Face/Off").
Crystal Sky and Namco first made a deal to develop the Tekken property four years ago, hiring Colleary and Werb to write the script.