The books center on a strong character named Kvothe who possesses a variety of skills that include musical mastery, lockpicking, magic, swordsmanship, hand-to-hand combat, and survival skills, reported Ace Showbiz.
The first two books have sold 10 million copies around the world and the third one is expected to be released next year.
20th Century Fox and New Regency Productions actually had been developing a "Kingkiller" TV series two years ago.
The studio described "Kingkillers" as the best-selling fantasy behind "Game of Thrones".
Robert Lawrence is producing. The movie will be Lionsgate Motion Picture Group Co-President Erik Feig and creative executives Jeyun Choi Munford and Jessica Switch's field of work.
The TV adaptation is under Lionsgate Executive Vice President of Television Chris Selak's responsibility while the video game will be developed by Lionsgate President of Interactive Ventures and Games Peter Levin.