Movie adaptation of popular video game, Assassin's Creed, received funding and go signal from New Regency who picked up the film. Moreover, superb hunk actor Michael Fassbender is set to star and direct the said film.

"This is the perfect intersection of what we have been trying to do, and that is to work with top quality talent like Michael Fassbender," said Regency CEO Brad Weston.

"We see this as our first big commercial action franchise property. Fassbender just did 12 Years A Slave with us, and he is as good an actor as there is right now. The storyline we are pursuing has a great narrative and because Ubisoft's games are so character and story driven, Assassin's Creed lends itself perfectly to our goal to re-brand Regency as a filmmaker driven company," Weston added.

The project was hatched by the game maker's Ubisoft Motion Pictures division, and the company will have strong creative input as the projects moves into the script stage. Details of the deal were not disclosed, but this is a whopping commitment for a franchise that has sold 37 million games, with the latest installment arriving in stores on Halloween.

Weston said he respected how selective the Paris-based company has been in turning their video game properties into features, and said he recalled taking the pilgrimage to Paris six years ago to try coaxing the company to make a deal. Ubisoft Motion Pictures is separately percolating two features based on the Tom Clancy-branded Splinter Cell and Ghost Recon video games.

Adapting video games into film is very tricky. It can either make or break in the big screen. Resident Evil boosted its popularity with the film adaptation. However, Prince of Persia is a film that did not gross enough.

However, Assassin's Creed has a huge following and may expect high returns if the film turned out really well. There is no announcement yet when the film is set to be released.