It seems that there going to be a SotC movie and the screenwriter of Street Fighter: The Legend of Chun-Li and Doom is going to help create it.
http://www.gamespot.com/news/6207542.html?tag=latestheadlines;title;1

Oh god no, they need to be stop. They are so going to ruin SotC. How the heck can it be a movie? SotC should be left as a video game. And it sounds like Chun-Li and Doom weren't great, so I don't trust the guy also. Please Sony, stop them before it too late.