Netflix is adapting popular book series 'Lemony Snicket's A Series of Unfortunate Events' into an original TV series, the streaming service announced on November 6.

The streaming service has purchased the rights to create a new series based on the 13 best-selling novels published from 1999 to 2006 and written by Lemony Snicket, the pen name of author Daniel Handler.

Paramount Television, the TV division of Paramount Pictures will produce the series along with Netflix, while the book's author, Handler will serve as the series' executive producer.

'A Series of Unfortunate Events' tells the story of orphaned children Violet, Klaus and Sunny Baudelaire following the orders of the nefarious Count Olaf, as they face challenges, obstacles and misfortunes and an evil uncle looking for their fortune. The three embark on a journey to find out the mystery behind their parent's death.

More than 65 million copies of the book were sold, and it was also translated into 43 languages and spawned card games, video games, board games, and albums.

Handler could not hide his excitement and remains in awe at the opportunity given to him.

"I can't believe it," Snicket said from an undisclosed location.

"After years of providing top-quality entertainment on demand, Netflix is risking its reputation and its success by associating itself with my dismaying and upsetting books," he added.

On a side note, Netflix recently ordered a reboot of 'Richie Rich' from AwesomenessTV and 'All Hail King Julien'.

Meanwhile, Netfilx has given its stamp of approval to the upcoming series and believes that Lemony Snicket's stories will be a big hit.

"On the search for fantastic material that appeals to both parents and kids, the first stop for generations of readers is 'A Series of Unfortunate Events'. We are proud to start work on a series for a global audience that already loves the books," Netflix's vice president of original content Cindy Holland said.

"The world created by Lemony Snicket is unique, darkly funny, and relatable. We can't wait to bring it to life for Netflix members," Holland added.