Entertainment One has finalized a deal to produce and finance a live-action Street Fighter TV series. The company will be teaming up with the creative team behind the popular 2014 digital series Street Fighter: Assassin's Fist, Joey Ansah, Jacqueline Quella and Mark Wooding, who will serve as executive producers on this new series. Here's what Mark Gordon, eOne's new President and Chief Content Officer, Film, Television and Digital, had to say about the new series in his statement.

"Street Fighter is a global tour de force franchise, having garnered immense worldwide commercial success and built a vast devoted fanbase that has only grown through its 30 year legacy. We are thrilled to be teaming up with Joey, Jacqueline and Mark, who are already so deeply connected to this brand, to bring this adored story to television audiences everywhere. A particular strength of Street Fighteris the wide range of ethnically diverse characters and powerful women featured in the game. It will allow us to build an inclusive and engaging TV universe."

Street Fighter was launched as an arcade game in 1987 and became a pioneer of the one-on-one fighting game genre, with the iconic Street Fighter II: The World Warrior credited with establishing the groundwork that other fighting games would later follow, such as Mortal Kombat. This new series will be based on the Street Fighter II: The World Warrior story line, centering on four fighters, Ryu, Ken, Guille and Chun-Li, who join forces to take down the nefarious M. Bison, head of the Shadaloo criminal organization. Their paths cross at The World Warrior tournament, created by M. Bison to find the strongest fighter in the world. Here's what Yoshinori Ono, Capcom Executive Producer for Street Fighter, had to say in a statement.

"After a long search, guided by the team behind Assassin's Fist, we are delighted to be partnering with a company with the outstanding TV experience of Mark Gordon and eOne. They have the credentials to help us launch a faithful adaptation of Street Fighter as a major TV series."

The entire Street Fighter series is considered one of the most successful video game franchises in the world, selling over 40 million software units and 500,000 arcade units, with Street Fighter II alone estimated to have pulled in over $10 billion in revenue. The most recent installment of the game, Street Fighter V, was launched on Playstation 4 and PC formats in February 2016, with the latest update to the game, Street Fighter V: Arcade Edition, debuting this past January. Deadline reports that this will be one of the first major TV projects at eOne since Mark Gordon took over as President and Chief Content Officer, Film, Television and Digital in January. Joey Ansah wrote and directed the Street Fighter: Assassin's Fist digital series in 2014, and its 2016 follow-up Street Fighter: Resurrection, but there is no indication yet if he will be writing and/or directing this new series.