Nintendo is considering moving into the movie industry, with retired president Hiroshi Yamauchi revealing at a press conference today that he plans to propose an animated film project to the company.

Although he stepped down from his post 2 years back, Yamauchi serves as an adviser to the company and holds a significant stake in company shares--giving him the power to announce such a proposal.

The former president wants to create an animated film based on poetry from the famous Ogura Hyakunin Isshu compilation. No details of the film are known at the time, but given that the film' s rooted in Japanese literary tradition it could be something along the lines of Hayao Miyazaki' s Spirited Away--which was based on a collection of Japanese local folklore myths and tales.

A game company making a film--the disaster that was the Final Fantasy movie immediately comes to mind, with the CG film tanking at the office so badly that Squaresoft (which merged after the flop of the movie, becoming Square Enix) gradually ostracized Final Fantasy creator Hironobu Sakaguchi.

Yamauchi is thought to be the man behind the success and rise of Nintendo--the company changed from a small time card game producer to become one of the largest video game companies with the fantastic success of the NES.