Set in 1993, estranged Street Fighters Ryu (Andrew Koji) and Ken Masters (Noah Centineo) are thrown back into combat when the mysterious Chun-Li (Callina Liang) recruits them for the next World Warrior Tournament: a brutal clash of fists, fate, and fury.

But behind this battle royale lies a deadly conspiracy that forces them to face off against each other and the demons of their past. Paramount Pictures and Legendary signed a multi-year distribution deal in December, with Paramount Pictures distributing Legendary Entertainment films worldwide except China (Legendary East handles distribution in China). Street Fighter will be the first film to be distributed under the new deal. Legendary Entertainment acquired the film and television rights to Street Fighter in April 2023, and will work with CAPCOM on future projects.

The game series inspired a live-action film in 1994 starring Jean-Claude Van Damme, Raúl Juliá, Ming-Na Wen, Damian Chapa, Kylie Minogue, and Wes Studi. HYDE Park Entertainment produced a separate spinoff titled Street Fighter: The Legend of Chun-Li starring Kristin Kreuk in 2009.