In a joint statement, Kelly and Netflix boss Ted Sarandos said they were “joining forces to bring some of the world’s most loved stories to current and future fans in creative new ways”.
The move builds on a deal between the streaming giant and the estate in 2018, allowing it to make animated series based on his books.
Under that agreement, Oscar winner Taika Waititi is currently working on a series based on the world of ‘Charlie and the Chocolate Factory’, while Sony and Working Title are making an adaptation of ‘Matilda The Musical’.
Nineteen TV shows, films, stage shows and live experiences are already in the works.
“These projects opened our eyes to a much more ambitious venture – the creation of a unique universe across animated and live action films and TV, publishing, games, immersive experiences, live theatre, consumer products and more,” Kelly and Sarandos said.