Motion pictures that based upon video games are constantly announced, but few ever manage to materialize. And it's just as well, because those that actually end up happening are often disappointing to put it mildly. Though for better or worse, a live action adaptation of EA's Dead Space is still happening, contrary to what some might have believed.
According to Desturctoid, citing a report from Variety, the project has been in the works for at least three years now. Back in 2009, DJ Caruso was announced to be the director, but not much has happened after. Since then, several other properties that EA was shopping around Hollywood also failed to gain any traction, including Mass Effect, Army of Two, The Sims, Spore, and even Dante's Inferno.
As a result, EA intends to take a more active role in the movie making business. An example of this is the upcoming Need For Speed flick,