The streaming service has signed a multi-year deal with The C.S. Lewis Company to develop the classic stories from across the fictional Narnia universe.
The deal marks the first time that rights to all seven books penned by Lewis, including The Lion, The Witch And The Wardrobe, have been held by the same company.
Douglas Gresham, the author's stepson, said in a statement: "It is wonderful to know that folks from all over are looking forward to seeing more of Narnia, and that the advances in production and distribution technology have made it possible for us to make Narnian adventures come to life all over the world.
"Netflix seems to be the very best medium with which to achieve this aim, and I am looking forward to working with them towards this goal."
The Narnia books have sold more than 100 million copies and been translated in more than 47 languages worldwide.
Netflix has acquired the rights to C.S. Lewis' beloved The Chronicles of Narnia series and will develop new series and film projects based on the beloved books. pic.twitter.com/VLOKsv8Y1P
— See What's Next (@seewhatsnext) October 3, 2018
Ted Sarandos, chief content officer at Netflix, said: "C.S. Lewis' beloved Chronicles Of Narnia stories have resonated with generations of readers around the world.
"Families have fallen in love with characters like Aslan and the entire world of Narnia, and we're thrilled to be their home for years to come."
Disney has previously released movie adaptations of three of the Narnia books, The Lion, The Witch And The Wardrobe, Prince Caspian and The Voyage Of The Dawn Treader between 2005 and 2010.
The BBC also adapted The Lion, The Witch And The Wardrobe for series in 1988.
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