Monster Hunter movie planned by Resident Evil producer

Paul W. S. Anderson, producer of Resident Evil: Retribution, announced his involvement in the genesis of a Monster Hunter movie.

Asked by Cinema Today, Anderson said:

"Recently, I’ve been loving Monster Hunter! A film conversion is currently in planning."

Certainty on who’s in charge of the portential title is still a mystery; it could be Paul Anderson himself, or it could be Capcom. Regardless, if this really is true, does a game based on hunting monsters really work as a movie idea? What sort of plotting would have to take place in order to make it work?