Speaking at the Take Two investor’s conference call, CEO Strauss Zelnick revealed that the movie adaptation may be released alongside not the second (due for release Fall 2009), but third video game, which puts estimates at the end of 2010, maybe summer 2011.

“It’’s more likely that [the BioShock movie] would be released coincidentally with BioShock 3″

Via Gamespot

The detailed, expansive and very difficult to re-create environment of Rapture has stirred rumors that the film may follow a production similar to the highly successful 300 movie, using green screen technology,

The studio hopes to bring the fallen aquatic utopia of Rapture to celluloid life through extensive use of green screen technology, an approach not dissimilar to Legendary Pictures’ interpretation of 300.

– Joystiq