Dan Houser, the vice president of creative at Rockstar Games, this week said that a Grand Theft Auto movie is unlikely, and suggested that even if it were to happen, Rockstar would need to have creative control over the movie. This is what he told the Los Angeles Times:

"We don’t believe that the Grand Theft Auto games, which are massive in scope and structurally complex, can be adequately compressed into a two-hour movie.

"It seems obvious to us that maintaining the long-term integrity of any entertainment property has been dependent on not making substandard spin-off products to people whose primary interest is making a quick buck. If we ever decide to do a film, it will be because we have resolved our creative doubts, and while retaining enough control to ensure that if the movie is terrible, at least we will know we ruined the property ourselves."

Dan Houser, Rockstar Games

Link: LA Times Article.