Straight from the L.A. Times
"Warner Bros. is negotiating to acquire feature rights to the landmark shooter from Taito, the Japanese company that originally manufactured the game. If the rights issues all work out, the project would bring on Hollywood fixtures Mark Gordon, Jason Blum, and Guymon Casady as producers.
Gordon is a film veteran with experience at the big-budget art house ("Saving Private Ryan") as well as the big-budget commercial ("The Day After Tomorrow"). Blum is best known for producing horror breakout "Paranormal Activity," while Cassady is a manager-producer with a slew of high-profile clients."
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