There's a Hong Kong City Hunter movie with Jackie Chan but it totally ditches most of the more serious aspects of the character/anime/manga. It's perhaps best known for it's bizarre Street Fighter II sequence.
There's also a more recent French adaptation which I think is a bit closer at least visually, but I haven't seen it yet.
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This is always an argument some make until someone does it right. Movies based on video games were tried and failed so spectacularly that many thought it couldn’t be done and in the last few years we have seen it can with Detective Pikachu, Sonic 1&2 and Uncharted.
Just because something has been unsuccessful in the past is no proof it can’t be successful in the future. You just need the right people to make it happen.
Seeing Puri-Puri Prisoner on the big screen is gonna be interesting.
Not necessarily. Japanese manga/anime is inherently different to western storytelling. That's why it's hard for western studios to adapt them properly because they usually have to alter the narrative to fit western conventions.
Money is only one issue. But I wager the above is a bigger hurdle.