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I'll just throw this; having just a single interesting character makes it hard to makes movies, series or any other cross media project that could sprout exposition for the series. If anything that's why the manga needed to add characters that are not present in the games (some which were added after).
Even in Smash it has been hard to add another character from that series since more or less because it seems it wouldn't mix well with the rest of the roster.
If anything I could hope Nintendo gives it a shot for a live action series for two reasons, exposition and addition to series that wants to grow but doesn't see how.