Here's some good news for the all the Master Librarians out there, The Magic Tree House series of children's books is coming to the big screen.

According to Variety, Lionsgate's Summit Entertainment label have picked up the rights to the 54-book saga with author Mary Pope Osborne and her husband Will Osborne executive producing.

The books follow siblings, Jack and Annie, who discover a magical tree house in the woods of Frog Creek, Pennsylvania that sends them on adventures throughout history on behalf of the sorceress, Morgan Le Fay.

The first movie will be based on the 29th book of the series, Christmas in Camelot, in which Jack and Annie return to the tree house after outgrowing it. The script is being written by Jenny Laird and Will Osborne, who also put on a Magic Tree House musical.

The books have been translated to 35 languages and sold 130 million copies. If you can't wait for the Hollywood version, a Magic Tree House anime was released in Japan in 2012.

If educational Young Readers books aren't your thing, you might be interested to know that Lionsgate is also working on a adaption of the wildly popular novel The Name of the Wind, by Patrick Rothfuss.